I'm not sure if I am doing this right, and also I don't know how to tell favorable or unfavorable.

Required information The following information applies to the questions displayed below.] A manufactured product has the following information for June Standard Actual Direct materials Direct labor Overhead Units manufactured (6 1bs. @$9 per lb.) (2 hrs. @ $16 per hr.) (2 hrs. $12 per hr.) 47,400 1bs. 15,300 hrs. $9.10 per lb $16.60 per hr. $193,400 7,800 (1) Compute the standard cost per unit. Direct materials Direct labor Overhead Total $ 54 32 110 (2) Compute the total cost variance for June. Indicate whether the cost variance is favorable or unfavorable. Total cost variance 108,720