Erie Company manufactures a mobile fitness device called the Jorging Mate. The company uses standards to control its costs. The tabor standards that have been set for one Jogging Mate are as follows: Standard Wate Standard cost 56.00 31.10 Standard Hours 30 sinutes During August 10,630 hours of direct labor time were needed to make 19.800 units of the Jogging Mate. The direct labor cost totaled $64.843 for the month Required: 1 What is the standard labor hours allowed (SH) to makes 19,800 Jogging Mates? 2. What is the standard labor cost allowed (SHSR) to make 19,800 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 $450 per direct labor-hour During August, the company incurred $1,024 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 unfovorable, and "None for no effect (ie, zero variance). Input all amounts as positive values. Do notlround intermediate calculations.) 1 Standard labor hours allowed 2. Standard sbor cost allowed 3. Labor spending vanance Laborare Labor efficiency variance 5. Vonable Ovemosdrate variance Variable overhead cancy