Please explain and show steps

TEMPO COMPANY Flexible Budgets For Quarter Ended March 31, 2017 Flexible Budget Variable r Total Fixed 14,000 units 16,000 units Flexible Budget at- 18,000 units Cost Unit Variable costs Fixed costs 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. $8 per Ib., (2 hrs. $16 per hr.) 41,900 lbs. $8.20 per lb 16,300 hrs. $16.40 per hr. Dverht e s bor(2 hnrs. 8 $12 per hr205,30 hs.e $6.4 per hr Overhead Units manufactured (2 hrs. $12 per hr.) $205, 50e 8,300 (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