Use the following information for the Exercises below.

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[The following information applies to the questions displayed below.] A manufactured product has the following information for June.

	Standard	Actual
Direct materials	7 lbs. @ $7 per lb.		58,000	lbs. @ $7.20 per lb.
Direct labor	3 hrs. @ $15 per hr.		24,300	hrs. @ $15.50 per hr.
Overhead	3 hrs. @ $13 per hr.	$	325,300
Units manufactured			8,200

Compute the standard cost per unit.

Direct materials
Direct labor
Overhead
Total

Compute the total cost variance for June. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.)

Total cost variance