Use the following information for the Exercises below. [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Direct materials Standard (5 lbs. @ $8 per lb.) (2 hrs. @ $15 per hr.) Overhead (2 hrs. @ $11 per hr.) Units manufactured Direct labor Actual 38,100 lbs. @ $8.10 per lb. 14,800 hrs. @ $15.50 per hr. $171,900 7,500 Exercise 23-8 Standard unit cost; total cost variance LO C2 (1) Compute the standard cost per unit. Direct materials Direct labor Overhead Total (2) Compute the total cost variance for June. Indicate whether the cost variance is favorable or unfavorable. Total cost variance Check m