Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standar labor standards that have been set for one Jogging Mate are as follows: Standard Hours 27 minutes Standard Rate per Hour $5.80 Standard Cost $2.61 During August, 9,650 hours of direct labor time were needed to make 19,800 units of the Jogging Mate $54,040 for the month. Required: 1. What is the standard labor-hours allowed (SH) to makes 19,800 Jogging Mates? 2. What is the standard labor cost allowed (SH * SR) to make 19,800 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, variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances fc (For requirements 3 through 5, indicate the effect of each variance by selecting "F" for favorable," for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate cu 1. Standard labor-hours allowed 2. Standard labor cost allowed Help Save & anufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The that have been set for one Jogging Mate are as follows: tandard Rate per Hour Standard cost $2.61 550 hours of direct labor time were needed to make 19,800 units of the Jogging Mate. The direct labor cost totaled sonth dard labor hours allowed (SH) to makes 19,800 Jogging Mates? adard labor cost allowed (SH SR) to make 19,800 Jogging Mates? r spending variance? rate variance and the labor efficiency variance? ariable manufacturing overhead rate is $4.50 per direct labor-hour. During August, the company incurred $48,250 in ring overhead cost. Compute the variable overhead rate and efficiency variances for the month. 3 through 5, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" Fero variance). Input all amounts os positive values. Do not round intermediate calculations.) urs allowed st allowed ariance Activate Go to Pesert *****