Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Direct materials Overhead Standard 6 lbs. @ $7 per lb. 2 hrs. $16 per hr. Direct labor 2 hrs. @$11 per hr. Units manufactured Actual 47,800 lbs. @ $7.10 per lb. 15,500 hrs. @ $16.50 per hr. $180,400 7,900 (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 Unfavorable < Required 1 Required 2 >