E-Hay Logistics Delivery holds merchandise in warehouses for delivery to customers of on-line shopping cartels. When a customer orders from a cartel, the cartel member sends E-Hay a delivery notice and E-Hay pulls the item from storage, packs it, and ships it to the customer. E-Hay makes use of a predetermined variable overhead rate based on direct labor-hours. In the most recent month, 170,000 items were shipped to customers using 7100 direct labor-hours. The company incurred a total of $23.430 in variable overhead costs. Based on E-Hay's standards, 0.03 direct labor-hours are required to fulfill an order for one item and the variable overhead rate is $3.35 per direct labor-hour. Required: 1. What is the standard labor-hours allowed (SH) to ship 170,000 items to customers? 2. What is the standard variable overhead cost allowed (SHSR) to ship 170,000 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 (.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