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 Actual 7 lbs. @ $8 per lb. 51,000 e lbs. @ $8.10 per 3 hrs. @ $15 per hr. 21,400 RS hrs. @ $15.40 per 3 hrs. @ $13 per hr. $286,400 7,200 (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 2N 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 (Required 1