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 7 lbs. @ $9 per lb. 2 hrs. @$15 per hr. Overhead 2 hrs. @$12 per hr. Units manufactured Actual 51,600 lbs. @$9.20 per lb. 14,200 hrs. @ $15.50 per hr. $180,700 7,300 (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 $ 5,160 Direct labor Overhead Total $ 5,160 Required 1 Required 2 Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Direct labor Overhead Standard Direct materials 7 lbs. @$9 per lb. 2 hrs. @ $15 per hr. 2 hrs. @$12 per hr. Units manufactured Actual 51,600 lbs. @$9.20 per lb. 14,200 hrs. @ $15.50 per hr. $180,700 7,300 (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 Favorable < Required 1 Required 2 >