Erie Company manufactures a small mp$3$ player called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate mp$3$ player are as follows:Standard Hours :$18$ minutesStandard rate per Hour: $$12\mathrm{.}00$Standard cost :$$3\mathrm{.}60$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 $$73,600$ for the month.Required:$1.$ According to the standards, what direct labor cost should have been incurred to make $20,000$ units of the Jogging Mate? What is the variance between the standard cost and the cost that was incurred?$2.$ Break down the variance in cost from requirement $1$ into a labor rate variance and a labor efficiency variance.