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 200 pounds of wood at $18 per pound and 0.30 direct labor hour at $30 per hour. Overhead is assigned at the fote of $60 per direct labor hour: QS 21.6 (Algo) Total Cost variances LO P2 Assume the actual cost to manufacture 110 bats is $7.260.00. Compute the total cost variance and identify it as favorobie of infavorable. (Indicate the effect of the varlance by selecting favorable, unfavorable, or no varlance.)