Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Standard Actual (6 lbs. @ $8 per lbs. @ $8.10 lb.) 43,700 per lb. (3 hrs. @ $15 hrs. @ $15.50 per hr.) 21,300 per hr. (3 hrs. @ $12 per hr.) $265,900 Overhead Units manufactured 7,200 (1) Compute the standard cost per unit. Direct materials Direct labor Overhead Total $ 0 (2) Compute the total cost variance for June. Indicate whether the cost variance is favorable or unfavorable. Total cost variance Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Standard Actual (6 lbs. @ $8 per lbs. @ $8.10 lb.) 43,700 per lb. (3 hrs. @ $15 hrs. @ $15.50 per hr.) 21,300 per hr. (3 hrs. @ $12 $265,900 per hr.) 7,200 Overhead Units manufactured Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable. AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Actual Cost Standard Cost $ 0 $ 0 $ 0 0