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

Required information

[The following information applies to the questions displayed below.]

A manufactured product has the following information for June.

Standard Actual
Direct materials 7 lbs. @ $8 per lb. 62,900 lbs. @ $8.10 per lb.
Direct labor 3 hrs. @ $17 per hr. 26,400 hrs. @ $17.50 per hr.
Overhead 3 hrs. @ $13 per hr. $ 352,500
Units manufactured 8,900

(1) Compute the standard cost per unit.
(2) Compute the total cost variance for June.

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