The Spartan Company uses standard costing. The company makes and sells baseball bats. The following data are for the month of August: Actual cost of direct material purchased and used: $54,683 Material price variance: 54917 favorable Materials flexible budget variance: 522,360 unfavorable Standard cost per pound of material: $4 Standard cost per direct labor hour $5 Actual direct labor-hours: 5 800 hours Labor ethiciency variance: $3.500 favorable Sardard number of direct labor-hours per Bat 1 hours: Laber exible budget variance: $20 favorable The tal material cost per pound was 5330 5400 5562 CHUO