Check my work Ere Company manufactures a mobile ftness 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: StandardlStandard Rate Standa Hours per Cost $2.52 27 minutes$.60 During August, 9,495 hours of direct labor time were needed to make 19,500 units of the Jogging Mate. The direct labor cost totaled $51,273 for the month Required 1 What is the standard labor-hours allowed (SH) to makes 19,500 Jogging Mates? 2 What is the standard labor cost allowed (SH x SR) to make 19.500 Jogging Mates? 3 What is the labor spending variance? 4 What is the labor rate variance and the labor efficiency variance? 5. The budgeted veriable manufacturing overheed rate is $4 50 per direct labor-hour During August, the company incurred $49,374 in variable manufacturing overhead cost Compute the voriable overhead rate and efficiency variances month (For requirements 3 through 5, indicate the effect of each variance by selecting F" for favorable, "U" for unfevorable, and "None" for no effect fi.e, 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 8.7 5 49.1 S2,133U S 1899 S 4.032 S 12,069 Labor efficiency vaniance 5 Vaniable overhead rate variance Variable overhead efficiency variance Pre 1 of 1 Next