! Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard $8 per lb. 2 hrs. @ $15 per hr. 2 hrs. @ $11 per hr. Actual 51,600 lbs. @ $8.20 per lb. 14,300 hrs. @ $15.60 per hr. $167,000 7,300 Direct materials 7 lbs. Direct labor Overhead Units manufactured Exercise 21-8 Standard unit cost; total cost variance LO P2 (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