Erie Company manutactures a mobile fitness device called the Jogging Mate. the company uses standards to controt its costs. I he labor standards that have been set for one Jogging Mate are as follows During August, 10,650 hours of direct labor time were needed to make 19,700 units of the Jogging Mate. The direct labor cost totaled $62.835 for the month. Required: 1. What is the standard labor hours allowed (SH) to makes 19700 Jogping Mates? 2. What is the standard labor cost allowed (SH SR) to make 19,700 Jogging Mates? 3. What is the labor spending varlance? 4. What is the labor rate varlance and the labor efficiency variance? 5. The budgeted variable manufacturing ovestiead rate is $4.30 per dfrect labor-hour. During August, the company incurred $48,990 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 fovorable, " U " for unfavorable, and "None" for no effect (i.e., zero voriance). Input all amounts as positive values. Do not round intermediate calculations.) Enie Company manufactures a mobile fitness device called the Jogging Mate. The compary uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Duting August. 10.650 hours of direct labor time were needed to make 19.700 units of the Jogging Mate. The direct labor cost totaled $62.835 for the month. Required: 1. What is the standard labof houts allowed (St) to makes 19700 Jogging Mates? 2. What is the standard labor cost allowed (SH SR) to make 19700 Jogging Mates? 3. What is the labor spending vatiance? 4. What is the labor rate vatiance and the labor efliciency vartance? vatiable manufactiating overhead cost. Compute the var able overthead rate and efficiency vartances for the monah (For requirements 3 through 5 , indicote the effect of each veriance by selecting "F" for favorable, " U for unfovorable, and "None" for no effect (i.e., zero varionce), Input all amounts as positive values, Do not round intermediete colculotions.)