Required information [The following information applies to the questions displayed below.] BatCo makes baseball bats. Each bat requires 2.00 pounds of wood at $22 per pound and 0.30 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 140 bats is $10,360.00. Compute the total cost variance and identify it as favorable or Infavorable. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.)