5 Erle Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Standard Rate Standard Hours per Hour Cost 30 minutes 56.20 $3.10 2 During August, 1050 hours of direct labor time were needed to make 19.200 units of the Jogging Mate. The direct labor cost totaled $60,900 for the month 1 H Price Required: 1. What is the standard labor-hours allowed (SH) to makes 19.200 Jogging Mates? 2. What is the standard labor cost allowed (SHSR) to make 19.200 Jogging Moles? 3 What is the labor spending variance? 4. What is the laborate variance and the labor efficiency variance? 5. The budgeted variable manufacturing overhead rate is $4.30 per direct laborhout During August the company incurred $50,750 in variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month (For requirements through 5, indicate the effect of each variance by selecting for favorable. "U" for unfavorable, and "None" for no effectie, 2470 variance). Input all amounts as positive values. Do not round Intermediate calculations.) LS bor hours wowed 2 tandard labor cost slowed 3. Laboring walance a Laborale variance Latorice and 5 Verwend we variance Variable any wariance Checy 07 5 Ete Company manufactures a mobile tess device called the Jogging Mate. The company uses standards to commit costs. The labor standards that have been set for one Jogging Mote are as follows Standard Standard Rate Standard Hours ser pour Cost 56.20 13.10 2 During August 10,150 hours of direct lobortime were needed to make 19.200 units of the Jogging Mote. The direct labor cost totaled 560,900 for the month Required 1 What is the standard labor hours allowed (SH) to makes 19.200 Jogging Matest 2. What is the standard tabor cost allowed (SHSR to make 19.200 Jogging Mates? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor efficiency variance? 5. The budgeted variable manufacturing overhead rote is $4.30 per direct labor.how. During August, the company incurred $50.750 n variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month For requirements through 5, indicate the effect of each variance by selecting for favorable. "U for unfavorable, and "None forno efecte trovariance Input all amounts as positive values. Do not round Intermediate calculations) Pene C 1 Standard borowe 2 Sbor dostalowed Labor endronce 4 Labora yarance Verwach Valideyance