(Answered) Question - a manufactured product has the following

Accounting

Question - A manufactured product has the following information for June.

	Standard	Actual
Direct materials	(6 lbs. @ $9 per lb.)	51,600 lbs. @ $9.10 per lb.
Direct labor	(3 hrs. @ $17 per hr.)	25,200 hrs. @ $17.40 per hr.
Overhead	(3 hrs. @ $12 per hr.)	$311,100
Units manufactured		8,500

Required -

Compute the standard cost per unit.

Compute the total cost variance for June. Indicate whether the cost variance is favorable or unfavorable.

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