Required information Use the following information for the Quick Study below. (Algo) [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 0.35 direct labor hour at $20 per hour. Overhead is assigned at the rate of $40 per direct labor hour. QS 21-5 (Algo) Standard cost card LO P2 Prepare a standard cost card for a baseball bat for BatCo. (Round your final answers to 2 decimal places.) requirea intormation Use the following information for the Quick Study below. (Algo) [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 0.35 direct labor hour at $20 per hour. Overhead is assigned at the rate of $40 per direct labor hour. 21.6 (Algo) Total Cost variances LO P2 Assume the actual cost to manufacture 130 bats is $5,590,00. 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.)