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, 10,170 hours of direct labor time were needed to make 19,100 units of the Jogging Mate. The direct labor cost totaled $54,918 for the month. Required: 1. What is the standard labor-hours allowed (SH) to makes 19.100 Jogging Mates? 2. What is the standard labor cost allowed (SH SR) to make 19.100 Jogging Mates? 3. What is the labor spending vatiance? 4. What is the labor rate varlance and the labor efficiency variance? 5. The budgeted variable manufacturing overhead rate is $4.30 per direct labor-hour. During August, the company incurred $52.884 in variable manufacturing overhead cost. Compute the varlable overhead rate and efficiency varlances for the month. Note: For requirements 3 through 5 , indicate the effect of each variance by selecting "F" for fovorable, "U" for unfavorable, and "None" for no effect (i.e., zero voriance). Input oll omounts as positive values. Do not round intermediate calculotions. 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, 10,170 hours of direct labor time were needed to make 19,100 units of the Jogging Mate. The direct labor cost totaled $54,918 for the month. Required: 1. What is the standard labor-hours allowed (SH) to makes 19.100 Jogging Mates? 2. What is the standard labor cost allowed (SH SR) to make 19.100 Jogging Mates? 3. What is the labor spending vatiance? 4. What is the labor rate varlance and the labor efficiency variance? 5. The budgeted variable manufacturing overhead rate is $4.30 per direct labor-hour. During August, the company incurred $52.884 in variable manufacturing overhead cost. Compute the varlable overhead rate and efficiency varlances for the month. Note: For requirements 3 through 5 , indicate the effect of each variance by selecting "F" for fovorable, "U" for unfavorable, and "None" for no effect (i.e., zero voriance). Input oll omounts as positive values. Do not round intermediate calculotions