chapter 20 (6)

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 0.25 direct labor hour at $20 per hour, Overhead is assigned at the rate of $40 per direct labor hour. QS 21.6 (Algo) Total Cost variances LO P2 Assume the actual cost to manufocture 130 bats is $4.940.00. Compute the total cost variance and identify it as favorable of unfavorable. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.)