B23 A x V for 1 #5 parts a) and b). Total of 10 points possible. Show your work for partial credit. 2 Bats, Inc. manufactures one type of baseball bat which requires a specific type of metal. 3 During the month ending May 31, the company manufactured 5,000 bats, using 11,000 4 kg of metal. The metal cost the company $198,000. According to the standard cost card, each bat should require 2 kg of metal at a cost of 6 $20 per kg. 8 a) According to the standards, what cost for metal should have been incurred to make 5,000 bats? 9 How much greater or less is this than the cost that was incurred? 18 b) Break down the difference computed in a) above into a materials price variance and a materials 19 quantity variance. Explain what these variances mean