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 $30 per hour. Overhead is assigned at the rate of $60 per direct labor hour. ssume the actual cost to manufacture 110 bats is $4,950.00. Compute the total cost variance and identify it as favorable or nfavorable. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.)