Required information (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 Actual (6 lbs. @ $8 per tb.) 49,200 lbs. @ $8.20 per lb. (3 hrs. @ $16 per hr.) 23,900 hrs. @ $16.60 per hr. (3 hrs. $13 per hr.) $322,600 8,100 (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 Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Standard Actual (6 lbs. @ $8 per lbs. @ $8.20 49,200 lb.) per lb. (3 hrs. @ $16 23,900 hrs. @ $16.68 per hr.) per hr. (3 hrs. @ $13 per hr.) $322,600 8, 100 Overhead Units manufactured Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable, AQ = Actual Quantity SQ - Standard Quantity AP=Actual Price SP - Standard Price Actual Cost Standard Cost Required Information [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Standard Actual (6 lbs. @ $8 per lbs @ $8.20 lb.) 49,200 per lb. (3 hrs. @ $16 23,900 hrs. @ $16.60 per hr.) per hr. (3 hrs. @ $13 per hr.) $322,600 8, 100 Overhead Units manufactured Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. AH - Actual Hours SH - Standard Hours AR - Actual Rate SR = Standard Rate Actual Cost Standard Cost