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:

Standard Hours Standard Rate per Hour Standard Cost

$24$ minutes $ $5\mathrm{.}40$ $ $2\mathrm{.}16$

During August, $8,370$ hours of direct labor time were needed to make $19,300$ units of the Jogging Mate. The direct labor cost totaled $$44,361$ for the month.

Required:

$1.$ What is the standard labor$-$hours allowed $($SH$)$ to makes $19,300$ Jogging Mates?

$2.$ What is the standard labor cost allowed $($SH $\backslash$times SR$)$ to make $19,300$ 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 $$4\mathrm{.}50$ per direct labor$-$hour. During August, the company incurred $$43,524$ in variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month.