Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard 7 lbs. @ $9 per lb. 2 hrs. @ $17 per hr. 2 hrs. @ $11 per hr. Actual 50,200 lbs. @ $9.10 per lb. 14, 200 hrs. @ $17.50 per hr. $161,400 7,100 (1) Compute the standard cost per unit. (2) Compute the total cost variance for June. (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 A Total $ 0 (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