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. e $7 per lb. 2 hrs. $15 per hr. 2 hrs. e $11 per hr. Actual 49, 100 lbs. @ $7.20 per lb. 15,900 hrs. @ $15.50 per hr. $184,600 8,100 (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 of 7