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 27 minutes $ 5.40 $ 2.43 During August, 9,295 hours of direct labor time were needed to make 19,300 units of the Jogging Mate. The direct labor cost totaled $48,334 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 SR) to make 19,300 Jogging Mates? 3. What is the labor spending variance? 4. What is the labor rate variance