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 Direct labor Overhead Units manufactured Standard 6 lbs. @ $8 per lb. 2 hrs. @ $15 per hr. 2 hrs. @ $11 per hr. Actual 46,800 lbs. @ $8.10 per lb. 15,100 hrs. @ $15.50 per hr. $175,700 7,700 Exercise 21-8 Standard unit cost; total cost variance LO P2 (1) Compute the ndard 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 $ 48 Direct labor 30 Overhead 22 Total $ 100 Required 1 Required 2 Compute the total cost variance for June. (Indicate the effect of each variance by selecting for favorable, ur variance.) Total cost variance Favorable