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Exercise 8-7 (Static) Standard cost per unit, total budgeted cost, and total cost variance LO P2 Actual Results A manufactured product has the following information for August Standard Quantity and cost Direct materials 2 pounds per unit @ 52.50 per pound Direct labor 0.5 hour per unit @ $16 per DLH Overhead $12 per DLH Units manufactured Total manufacturing costs (1) Prepare the standard cost card showing standard cost per unit (2) Compute total budgeted cost for production in August. (3) Compute the total cost varlance for August 12,000 units $ 225,400 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required rate Prepare the standard cost card showing standard cost per unit. (Round your final answers to 2 decimal place.) Inputs Standard Standard quantity or hours Standard price or cost per unit Direct materials pounds Direct labor DLH Overhead DLH Required 2 >