Required information [The following information applies to the questions displayed below] BatCo makes baseball bats. Each bat requires 1.00 pounds of wood at $18 per pound and 0.25 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 130 bats is $6,305.00. Compute the total cost variance and identify it as favorable of infavorable. (indicate the effect of the varlance by selecting favorable, unfavorable, or no variance.)