Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below) BatCo makes metal baseball bats. Each bat requires 1.00 kg of aluminum at $20 per kg and 0.30 direct labor hours at $22 per hour. Overhead is assigned at the rate of $32 per direct labor hour. QS 21-6 Cost variances LO P2 Assume the actual cost to manufacture one metal bat is $42.20. Compute the cost variance and classify it as favorable, unfavorable or no variance. Qty per Unit Cost per Input Total Direct materials Direct labor Overhead QS 21-11 Direct labor variances LO P3 The following information describes a company's direct labor usage in a recent period. Actual direct labor hours used (AH) Actual direct labor rate per hour (AR) Standard direct labor rate per hour (SR) Standard direct labor hours for units produced (SH) 56,000 $ 15 $ 14 57,600 AH Actual Hours SH - Standard Hours AR - Actual Rate SR - Standard Rate Compute the direct labor rate and efficiency variances for the period and classify each as favorable, unfavorable or no variance. Actual Cost Standard Cost