Batco makes baseball bats. Each bat requires 1.00 pounds of wood at $22 per pound and 0.35 direct labor hour at $20 per hour. Overhead is assigned at the rate of $40 per direct labor hour. QS 21-6 (Algo) Total Cost variances LO P2 Assume the actual cost to manufactire 150 bats is $7,650.00. Compute the total cost variance and identify it as favorable or unfovorable, (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.)