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I need help. Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Actual

I need help. Required information

[The following information applies to the questions displayed below.] A manufactured product has the following information for June.

Standard Actual
Direct materials (5 lbs. @ $9 per lb.) 37,400 lbs. @ $9.20 per lb.
Direct labor (3 hrs. @ $16 per hr.) 21,800 hrs. @ $16.40 per hr.
Overhead (3 hrs. @ $13 per hr.) $ 295,600
Units manufactured 7,400

(1) Compute the standard cost per unit.

Direct materials
Direct labor
Overhead
Total $0

(2) Compute the total cost variance for June. Indicate whether the cost variance is favorable or unfavorable.

Total cost variance

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