Required information [The following information applies to the questions displayed below.] BatCo makes baseball bats. Each bat requires 1.00 pounds of wood at $16 per pound and 0.20 direct labor hour at $30 per hour. Overhead is assigned at the rate of $60 per direct labor hour. Assume the actual cost to manufacture 110 bats is $4,180.00. 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.) Actual cost Budgeted standard cost Total cost variance For the current period, Juan Company's standard cost of direct materials is $110,000. The direct materials variances consist of a $10,000 favorable price variance and a $2,700 favorable quantity variance. What is the actual cost of direct materials? Actual cost of direct materials