Required information (The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Standard 7 lbs. @ $9 per lb. 3 hrs. @ $16 per hr. 3 hrs. @ $12 per Actual lbs. @ $9.10 per 61,400 lb. hrs. @ $16.50 25,800 per hr. Direct labor Overhead hr. $319,600 Units manufactured 8,700 (1) Compute the standard cost per unit. (2) Compute the total cost variance for June. > Answer is complete but not entirely correct. 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 $ 17,700 X Unfavorable