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	(7 lbs. @ $9 per lb.)		60,100	lbs. @ $9.20 per lb.
Direct labor	(3 hrs. @ $16 per hr.)		25,300	hrs. @ $16.60 per hr.
Overhead	(3 hrs. @ $13 per hr.)	$	338,100
Units manufactured			8,500

Exercise 21-8 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