Erie company manufactures a mobile fitness device called the jogging mate. The company uses standards to control its cost. The labor standards that have been set for one jogging mate are as follows.

During August, 5,750 hours of Direct labor time were needed to make 20,000 units of the jogging mate. The direct labor cost totaled $102,350 for the month.

Required:

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per Hour Cost Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its a labor standards that have been set for one Jogging Mate are as follows: Standard Standard Rate Standard Hours 18 minutes $ 17.00 $ 5.10 During August, 5,750 hours of direct labor time were needed to make 20,000 units of the Jogging Mate. The direct labor $102,350 for the month. Required: 1. What is the standard labor-hours allowed (SH) to makes 20,000 Jogging Mates? 2. What is the standard labor cost allowed (SH SR) to make 20,000 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 per direct labor-hour. During August, the company incurred variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month. (For requirements 3 through 5, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.) 4 Standard labor hours allowed 5 750 2.5 Cast Erle Company manufactures a mobile fitness device called the Jogging Mote. The company uses standards to control it costs The labor standards that have been set for one Jogging Mate are as follows: Standard Standard Bata Standard HOUS per Hour 18 minutes $ 17.00 $ 5.10 During August 5,750 hours of direct labor time were needed to make 20.000 units of the Jogging Mate. The direct labor cost totaled $102.350 for the month Required: 1. What is the standard labor-hours allowed (SH) to makes 20,000 Jogging Mates? 2. What is the standard labor cost allowed (SHSR) to make 20.000 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 per direct labor hour. During August, the company incurred $21.50 in variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month (For requirements 3 through 5, indicate the effect of each variance by selecting "F* for favorable, "U" for unfavorable, and "None" for no effectie, tero variance). Input all amounts as positive values. Do not round intermediate calculations.) P 1. Standard labor-hours allowed 2 Standard labor cost allowed 3. Labor spending variance 4 Laborale vanance 4. Labor efficiency variance 5 Variable overhead rate variance 5. Variable overhead officiency variance PU lu F F