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 5 lbs. @ $7 per lb. 3 hrs. @ $16 per hr. 3 hrs. @ $11 per hr. Actual 43, 600 lbs. @ $7.10 per lb. 25,600 hrs. @ $16.60 per hr. $290,400 8,600 (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 standard cost per unit. Direct materials Direct labor Overhead Total $ Required 1 Required 2 > Required information (The following information applies to the questions displayed below.) A manufactured product has the following information for June. Standard 5 lbs. @ $7 per lb. 3 hrs. @ $16 per hr. 3 hrs. @ $11 per hr. Direct materials Direct labor Overhead Units manufactured Actual 43,600 lbs. @ $7.10 per lb. 25,600 hrs. @ $16.60 per hr. per lb. $290.100 hrs. S 8,600 (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, variance.) Total cost variance