Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Direct materials 6 lbs. $8 per 1b. Direct labor 2 hrs. $16 per hr. Overhead 2 hrs. $12 per hr. Units manufactured Actual 48,500 lbs. @ $8.10 per 1b. 15,700 hrs. $16.50 per hr. $198,000 8,000 (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 Direct labor Overhead Total $ Required 2 > 13 Required information [The following information applies to the questions displayed below] A manufactured product has the following information for June. Direct materials 6 lbs. Standard $8 per lb. Direct labor 2 hrs. $16 per hr. Overhead 2 hrs. $12 per hr. Units manufactured Actual 48,500 lbs. @ $8.10 per lb. 15,700 hrs. $16.50 per hr. $198,000 8,000 (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.) Totat covariance