Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to controf its costs. The labor standards that have been set for one Jogging Mate are as follows During August, 5,750 hours of direct labor tme were needed to make 20.000 units of the Jogging Mate. The direct labor cost totaled $102350 for the month Required: 1. What is the standard labor-hours allowed (SH) to makes 20,000 Jogging Mates? 2. What is the standard labor cost allowed (SH * SR) to make 20,000 Jogging Mates? 3. What is the labor spending variance? 4. What is the fabor rate variance and the labor efficiency variance? 5. The budgeted variable manufacturing overhead rate is $4 per direct labor-hour During August, the company incurred $21,850 in variable manufacturing overhead cost Compute the variable overhead rate and efficiency variances for the month (For requirements 3 through 5, indicate the effect of each variance by selecting "F" for fovorable, "U" for unfovorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.)