IMPORTANT: Show calculations for support.

Required information (The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard 6 lbs. @ $7 per Direct materials lb. 3 hrs. @ $16 per Direct labor hr. 3 hrs. @ $12 per Overhead hr. Units manufactured Actual lbs. @ $7.10 per 53,300 lb. hrs. @ $16.50 per hr. $322.400 28 8,800 (1) Compute the standard cost per unit. (2) Compute the total cost variance for June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the standard cost per unit. Direct materials Direct labor Overhead Total $ Required a Required 1 Required 2 Reguires ? Compute the total cost variance for June. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Total cost variance Compute the direct materials price variance and the direct materials quantity variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Answer is not complete. Actual Cost AQ OLX Standard Cost SQx / AQ X SP SP $ 0 $ 0 $ 0 0 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Rate per hour" answers to 2 decimal places.) AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Standard Cost Actual Cost X I AH AR AH X SR SH SR x x $ 0 $ 0