$6.20 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 Mote are as follows: Standard Standard Rate Standard Hours per Hour Cost 24 minutes $ 2.48 During August, 8,430 hours of direct labor time were needed to make 19,700 units of the Jogging Mate. The direct labor cost totaled $50,580 for the month. Required: 1. What is the standard labor-hours allowed (SH) to makes 19,700 Jogging Mates? 2. What is the standard labor cost ollowed (SH SR) to make 19,700 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 rate is $4.30 per direct lobor-hour. During August, the company incurred $42150 in variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month. (For requirements 3 through 5, Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie, zero variance). Input all amounts as positive values. Do not round intermediate calculations.) 1. Standard labor hours allowed 2. Standard labor cost allowed 3. Labor spending variance 4. Labor rate variance 4. Labor efficiency varianco 5. Variable overhead rato variance 7,880 $ 48,856 $ 1.724U $ 1,686 F U U