Check my work View previous attempt 2 Exercise 10-4 Direct Labor and Variable Manufacturing Overhead Variances [LO10-2, LO10-3] Erie 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: points Standard Standard Rate Standard Hours 27 minutes Cost $2.61 per Hour eBook Hint Print $5.80 toan asr During August, 9,495 hours of direct labor time were needed to make 19,700 units of the Jogging Mate. The direct labor cost totaled References$53,172 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 allowed (SH x 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 $4.50 per direct labor-hour. During August, the company incurred $49,374 in variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month