[The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard (6 lbs. @ $8 per lb.) (2 hrs. @ $16 per hr.) |(2 hrs. @ $12 per hr.) Actual 48,500 lbs. @ $8.10 per lb 15,700 hrs. @ $16.50 per hr. $198,000 8,000 Direct materials Direct labor Overhead Units manufactured (1) Compute the standard cost per unit. Direct materials Direct labor Overhead Total $ 0 (2) Compute the total cost variance for June. Indicate whether the cost variance is favorable or unfavorable. Total cost variance