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	Actual
Direct materials	(6 lbs. @ $9 per lb.)		47,800	lbs. @ $9.10 per lb.
Direct labor	(3 hrs. @ $16 per hr.)		23,400	hrs. @ $16.40 per hr.
Overhead	(3 hrs. @ $12 per hr.)	$	291,000
Units manufactured			7,900

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