Required information [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 6 lbs. @ $9 per lb. 2 hrs. $15 per hr. 2 hrs. @ $13 per hr. Actual 51,500 lbs. @ $9.20 per lb. 16,700 hrs. $15.60 per hr. $227,400 8,500 (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