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 (6 lbs. @ $9 per Direct materials Actual lbs. @ $9.10 per lb. 15. 600 hrs. @ $16.60 per 47, lb.) Direct labor 15,500 hr. (2 hrs. @ $16 per hr.) (2 hrs. @ $13 per hr.) $211,700 Overhead Units manufactured 7,900 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