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. $7 per lb. 3 hrs. $16 per hr. 3 hrs. e $11 per hr. Actual 60,800 lbs. @ $7.20 per lb. 25,500 hrs. @ $16.50 per hr. $288,900 8,600 (1) Compute the standard cost 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