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. @ $8 per lb. 2 hrs. $16 per hr. 2 hrs. @ $11 per hr Actual 55 900 lbs $8.10 penib. 15,500 hrs $16.50 per hr $179,900 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 standard cost per unit. Direct materials Direct labor Overhead Total $ 0 Required Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the total cost varlance for Sune. Indicate the effect of each variance by selecting for favorable, unfavorable, and no Varlance) Total cost orice