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. $8 per lb 48, 500 lbs. $8.10 per lb. Direct labor Overhead Units manufactured (2 hrs. e $16 per hr 15, 700 hrs. $16.50 per hr. (2 hrs. e $12 per hr) $198, 000 8,000 es Exercise 21-8 Standard unit cost; total cost varlance LO C2 Exercise 21-8 Standard unit cost; total cost varlance 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