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. $7 per lb. 2 hrs. $15 per he. 2 hrs. & $11 per hr. Actual 42,400 lbs. 4 $7.20 per lb. 13,600 hrs. $15.50 per hr. $159, 200 7,000 (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 Required 1 Reguimo