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1 Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Part 1 of 3 8 01:27:30 Direct materials Direct labor Overhead Units manufactured Standard 7 lbs. $8 per lb. 3 hrs. $16 per hr. 3 hrs. $11 per hr. Actual 59,300 lbs. $8.20 per lb. 24,900 hrs. $16.40 per hr. $282,300 8,400 (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 total cost variance for June (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Total cost variance Unfavorable