Required information [7' he 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 lb. 39,100 lbs. @ $8.10 per 1b. Direct labor 3 hrs. @ $15 per hr. 22,900 hrs. @ $15.50 per hr. Overhead 3 hrs. @ $12 per hr. $282,600 Units manufactured 7,700 (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 1 Required 2 Compute the total cost variance for June. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no 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.) A0 = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price