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Required information The following information applies to the questions displayed below A manufactured product has the following information for June. Actual 45, 400 lbs. $8.20 per lb Standard Direct materials Direct labor Overhead Units manufactured (5 1bs. $8 per 1b.) (3 hrs. $15 per hr.) 26,700 hrs. e $15.50 per hr. (3 hrs. e $12 per hr.) $330, 100 9,000 (1) Compute the standard cost per unit. Direct materials Direct labor Overhead Total (2) Compute the total cost variance for June. Indicate whether the cost variance is favorable or unfavorable. Total cost variance Required information The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Actual (5 lbs. $8 per 1b 45,400 1bs.$8.20 per lb Direct materials Direct labor Overhead Units manufactured 26,700 hrs. e s15.50 per hr. (3 hrs. $12 per hr. $330,100 9,000 Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable AQ Actual Quantity SQ = Standard Quantity AP Actual Price SP Standard Price Actual Cost Standard Cost