Check my work Exercise 10-3 Variable Overhead Variances [L010-3] Logistics Solutions provides orde carried by its dot.com clients. When a client receives an order from a customer, the order is forwarded to Logistics pulls the item from storage, packs it, and ships it to the customer. The company uses a predetermined variable overhead rate based r fulfilment services for dot.commerchants. The company maintains warehouses that stock items on direct labor-hours. In the most recent month, 185,000 items were shipped to customers using 8,000 direct labor-hours. The company incurred a total of $27,600 in variable overhead costs. According to the company's standards, 0.04 direct labor-hours are required to fulfill an order for one item and the variable overhead rate is $3.50 per direct labor-hour. Required: 1. What is the standard labor-hours allowed (SH) to ship 185,000 items to customers? 2. What is the standard variable overhead cost allowed (SH* SR) to ship 185,000 items to customers? 3. What is the variable overhead spending variance? 4. What is the variable overhead rate variance and the variable overhead efficiency variance? For requirements 3 and 4, Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect fi.e.. zero variancel. Inout all amounts as oositive values. Do no round intermediate calculations.) Required: 1. What is the standard labor-hours allowed (SH) to ship 185,000 items to customers? 2, what is the standard variable overhead cost allowed (SH SR) to ship 185,000 items to customers? 3. What is the variable overhead spending variance? 4. What is the variable overhead rate variance and the variable overhead efficiency variance? For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do no round intermediate calculations.) 1. Standard quantity of labor-hours allowed 2. Standard variable overhead cost allowed 3. Variable overhead spending variance 4. Variable overhead rate variance Variable overhead efficiency variance