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, 10,340 hours of direct labor time were needed to make 19,600 units of the Jogging Mate. The direct labor cost totaled $59,972 for the month Required: 1. What is the standard labor-hours allowed (SH) to makes 19,600 Jogging Mates? 2 What is the standard labor cost allowed (SH SR) to make 19.600 Jogging Mates? 3. What is the tabor spending variance? 4. What is the labor rate variance and the labor efficiency variance? 5 The budgeted variable manufacturing overhead rate is $4.70 per direct labor-hour. During August, the company incurred $53,768 in variable mahufacturing overhead cost Compute the variabie overhead rate and efficiency variances for the month. (For requirements 3 through 5 , indicate the effect of eoch variance by selecting "F" for fovoroble, " U " for unfavorable, and "None" for no effect (i.e., zero variance). Input all omounts as positive values. Do not round intermediate calculations.)