Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Actual 53.200 10 lbs. @ $8.10 per lb. Standard (6 lbs. @ $8 per lb.) (2 hrs. @ $16 per hr.) (2 hrs. @ $12 per hr.) Direct labor 17,300 hrs. @ $16.50 per hr. $217,700 Overhead Units manufactured 8,800 (1) Compute the standard cost per unit. Direct materials Direct labor Overhead Total (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 (6 lbs. @ $8 per lb.) (2 hrs. @ $16 per hr.) (2 hrs. @ $12 per hr.) Actual 52 200 lbs. @ $8.10 per lb. 17,300 nr hrs. @ $16.50 per hr. $217,700 Overhead Units manufactured 8,800 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