4 Part 2 of 2 8.33 points Required information [The following information applies to the questions displayed below.] BatCo makes baseball bats. Each bat requires 1.00 pounds of wood at $20 per pound and 0.20 direct labor hour at $20 per hour. Overhead is assigned at the rate of $40 per direct labor hour. eBook Hint Assume the actual cost to manufacture 140 bats is $4,900.00. Compute the total cost variance and identify it as favorable or unfavorable. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Print References Actual cost Budgeted standard cost Total cost variance