Required information The following information applies to the questions displayed below.] A manufactured product has the following information for June. Actual Standard (6 lbs. $7 per 1b.) 46,100 lbs. $7.10 per lb 14,900 hrs. e 615.50 per hr. Direct materials Direct labor Overhead Units manufactured (2 hrs. $12 per hr.) 187,500 7, 600 (1) Compute the standard cost per unit. Direct materials Direct labor Overhead Total (2) Compute the total cost variance for June. Indicate whether the cost variance is favorable or unfavorable. Total cost variance