points Required information Use the following information for the Exercises below. The following information applies to the questions displayed below) A manufactured product has the following information for June Direct materials Direct labor Overhead Units manufactured Standard 7 lbs. @ $8 per lb. 3 hrs. $16 per hr. 3 hrs. @ $11 per hr Actual 60,660 lbs. @ 58.20 per 1b. 25,600 hrs. @ $16.60 per he. $290,100 8,600 Exercise 21-8 Standard unit cost; total cost variance LO P2 References (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 Exercise 21-8 Standard unit cost; total cost variance LO P2 (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. ances Required 1 Required 2 Compute the total cost variance for June. (Indicate the effect of each vanance by selecting for favorable, unfavorable, and no Variance.) Total cost variance