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. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. @ $8 per lb.) (3 hrs. @ $17 per hr.) (3 hrs. @ $13 per hr.) Actual 47,900 lbs. @ $8.10 per lb. 23,400 hrs. @ $17.50 per hr. $314,400 7,909 Exercise 23-8 Standard unit cost; total cost variance LO C2 (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 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. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. @ $8 per lb.) (3 hrs. @ $17 per hr.) (3 hrs. @ $13 per hr.) Actual 47,900 lbs. @ $8.1e per lb. 23,400 hrs. @ $17.5e per hr $314,400 7,980 Exercise 23-9 Direct materials variances LO P2 AQ - Actual Quantity SQ - Standard Quantity AP = Actual Price SP = Standard Price Compute the direct materials price variance and the direct materials quantity variance Indicate whether each variance is favorable or unfavorable Actual Cost Standard Cost $ 0 $ 0 S 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. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. $8 per lb.) (3 hrs. @ $17 per hr.) (3 hrs. @ $13 per hr.) Actual 47,900 lbs. @ $8.10 per lb. 234e0 hrs. @ $17.50 per hr $314,400 7,900 Exercise 23-10 Direct labor variances LO P2 AH = Actual Hours SH - Standard Hours AR-Actual Rate SR - Standard Rate Compute the direct labor rate variance and the direct labor efficiency variance Indicate whether each variance is favorable on unfavorable Actual Cost Standard Cost