[The following information applies to the questions displayed below] A manufactured product has the following information for June. Standard 6 lbs. e $7 per lb. 2 hrs. e $17 per hr. 2 hrs. $11 per hr. Actual Direct materials Direct labor Overhead Units manufactured 52,700 lbs. e $7.10 per lb. 17,100 hrs. $197,700 8,700 $17.50 per hr. Exercise 08-8 Standard unit cost; total cost variance LO P2 (1) Compute the standard cost per unit. (2) Compute the total cost variance for June. (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 > (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, unf variance.) Total cost variance