During August, 8,630 hours of direct labor time were needed to make 19,600 units of the Jogging Mate. The direct labor cost totaled $54,369 for the month. Required: 1. What is the standard labor-hours allowed (SH) to makes 19,600 Jogging Mates? 2. What is the standard labor cost allowed (SH x SR) to make 19,600 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 $43,150 in variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month.