Required information [The following information applies to the questions displayed below.] BatCo makes baseball bats. Each bat requires 2 pounds of wood at $18 per pound and 0.25 direct labor hour at $20 per hour. Overhead is applied at the rate of $40 per direct labor hour. Prepare a standard cost card for a baseball bat for BatCo. (Round your final answers to 2 decimal places.) Assume the actual cost to manufacture 100 bats is $5,400. 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.)