Required information [The following information applies to the questions displayed below.] BatCo makes baseball bats, Each bat requires 2.00 pounds of wood at $18 per pound and 0.20 direct labor hour at $30 per hour. Overhead is assigned at the rate of $60 pet direct labor hour. Prepare a standard cost card for a baseball bat for BatCo. (Round your final answers to 2 decimal places.) Required information [The following information applies to the questions displayed below.] BatCo makes baseball bats. Each bat requires 2.00 pounds of wood at $18 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 $6,820.00. 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.)