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: During August: 10,470 hours of direct labor time were needed to make 19,400 units of the Jogging Mate. The direct labor cost totaled $60.726 for the month. Required: 1. What is the standard labor-hours allowed (SH) to makes 19,400 Jogging Mates? 2. What is the standard labor cost allowed (SH SR) to make 19,400 Jogging Mates? 3. What is the labor spending varlance? 4. What is the labor rate varlance and the labor efficiency variance? 5. The budgeted variable manufacturing overhead rate is $4.50 per direct labor-hour. During August, the company incurred $52,350 in variable manufacturing overhead cost Compute the variable overhead rate and efficiency variances for the month. (For requirements 3 through 5 , indicote the effect of eoch variance by selecting "F" for favorable, "U" for unfavorable, ond "None" for no effect (i.e., zero vorionce). Input all omounts os positive values. Do not round intermediate calculations.)