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BatCo makes baseball bats. Each bat requires $2\mathrm{.}00$ pounds of wood at $$20$ per pound and $0\mathrm{.}25$ direct labor hour at $$20$ per hour. Overhead is assigned at the rate of $$40$ per direct labor hour.

Assume the actual cost to manufacture $120$ bats is $$7,440\mathrm{.}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.$)$

$\backslash$table$[[$Actual cost$,,$i$.],[$Budgeted standard cost,,$],[$Total cost variance,$$,$of Unfavorable$]]$