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O Required information Use the following information for the Quick Study below. (Algo) (The following information applies to the questions displayed below) BetCo makes baseball bats. Each bat requires 2.00 pounds of wood at $20 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 manufacture 130 bots is $8,580.00. Compute the total cost varlance and identify it as favorable or unfavorable (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Actual cost Budgeted standard cost Total cost variance