Erie Company manufactures a mobile fitness device called the Jogging Mate. The company's labor standards for one Jogging Mate are as follows: During August, 9,720 hours of direct labor time were needed to make 20,000 units of the Jogging Mate. The direct labor cost totaled $51,516 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 are the labor rate variance and the labor efficiency variance? 5. The budgeted vartable manufacturing overhead rate is $4.50 per direct labor-hour. During August, the company incurred $48,600 in variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month. Note: For requirements 3 through 5 , indicate the effect of each variance by selecting " F " for favorable, " U " for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations. \begin{tabular}{|l|l|} \hline 1. Standard labor-hours allowed \\ \hline 2. Standard labor cost allowed \\ \hline 3. Labor spending variance & \\ \hline 4. Labor rate variance & \\ \hline 4. Labor efficiency variance & \\ \hline 5. Variable overhead rate variance & \\ \hline 5. Variable overhead efficiency variance & \\ \hline \end{tabular}