[The following information applies to the questions displayed below] A manufactured product has the following information for June Direct materials Direct labor Overhead Units manufactured Standard 5 lbs. @ $7 per lb. 2 hrs. @ $16 per hr. 2 hrs. @ $12 per hr. Actual 41,000 lbs. @ $7.20 per lb. 15,800 hrs. @ $16.40 per hr. $199,500 8,109 (1) Compute the standard cost per unit. (2) Compute the total cost variance for June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the standard cost per unit. Direct materials Direct labor Overhead Total Required 2 > Search o A manufactured product has the following information for June Direct materials Direct labor Overhead Units manufactured Standard 5 lbs. @ $7 per lb. 2 hrs. @ $16 per hr. 2 hrs. @ $12 per hr. Actual 41,000 lbs. @ $7.20 per lb. 15,800 hrs. @ $16.40 per hr. $199,500 8,109 (1) Compute the standard cost per unit (2) Compute the total cost variance for June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the total cost variance for June. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Total cost variance search o ve