When producing 5,000 picture frames, Picture This incurred the following costs: direct materials, $12,000; direct labor, $35,100; and factory overhead, $24,300. The standards o produce one picture frame are: Cost Direct materials Standard Price Standard Quantity per Unit Standard Cost per $2.50 per sq. yd. 1.1 sq. yds. $2.75 Direct labor $9.50 per hr. Factory overhead $6.60 per hr. 0.7 hr. 0.7 hr. 6.65 4.62 A: Compute the standard cost per unit. B: Determine if the cost variance for each manufacturing cost is favorable or unfavorable. Standard Cost Standard Cost Cost per Unit for 5,000 Units Actual Costs Cost Varianc