Standard cost per unit, total budgeted and actual costs, and total cost variance P2 A manufactured product has the following information for June. (1) Prepare the standard cost card showing standard cost per unit. (2) Compute total budgeted cost for June production. (3) Compute total actual cost for June production. (4) Compute total cost variance for June, and indicate whether the variance is favorable or unfavorable. Direct materials. Direct labor. Units manufactured. Standard Quantity and Cost 6 lbs. $8 per lb. 2 DLH $16 per DLH Actual Results 48,500 lbs. $8.10 per lb. 15,700 hrs. $16.50 per hr. 8,000 units page 883