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 6 lbs. @ $9 per lb. 3 hrs. @ $17 per hr. 3 hrs. @ $13 per hr. Actual 52,700 lbs. @ $9.10 per lb. 25,800 hrs. @ $17.50 per hr. $346,100 8,700 (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