3. Shiplt, Inc., provides shipping and warehousing services for local merchants. The company maintains warehouses that stock items and deliver them to the stores or direct to customers. a predetermined variable overhead rate based on direct labor-hours. In the most recent month, 72,000 items were shipped to customers using 6,900 direct labor hours. The company incurred a total of $21,390 in variable overhead costs. According to the company's standards, 0.1 direct labor-hours are required to fulfill an order one item and the variable overhead rate is $3.00 per direct labor-hour. Required What is the standard labor-hours allowed (SH) to ship 72,000 items to customers? What is the standard variable overhead cost allowed (SH x SR) to ship 72,000 items to customers? What is the variable overhead spending variance? What is the variable overhead rate variance and the variable overhead efficiency variance? 1. 2. 3. 4