Required information The following information applies to the questions displayed below.] A manufactured product has the following information for June Standard Actual Direct materials Direct labor Overhead Units manufactured (6 lbs. e $8 per lb.) (2 hrs. $16 per hr.) (2 hrs. $12 per hr.) $198,000 48, 500 1bs. $8.10 per lb. 15,700 hrs. $16.50 per hr. 8,000 (1) Compute the standard cost per unit. Direct materials Direct labor Overhead Total 0 (2) Compute the total cost variance for June. Indicate whether the cost variance is favorable or unfavorable. Total cost variance