Erie Company manutactures a mobile fitness device called the Jogging Mate. Ihe company uses standards to control its costs. Ihe labor standards that have been set for one Jogging Mate are as follows: Standard Standard Rate Standa Hours 38 minutes per Hour $6.ee $3.08 points During August, 10,570 hours of direct labor time were needed to make 19,600 units of the Jogging Mate. The direct labor cost totaled $61,306 for the month. References 1 What is the standard labor-hours allowed (S ) to makes 19,600 Jogging Mates? 2. What is the standard labor cost allowed (SH x SR) to make 19,600 Jogging Mates? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor efficiency varlance? 5. The budgeted variable manufacturing overhead rate is $4.10 per direct labor-hour. During August, the company incurred $48,622 in variable manufacturing overhead cost. Compute the varlable overhead rate and efficiency varlances for the month. (For requirements 3 through 5, indicate the effect of each veriance 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.) 2 Standard labor cost allowed Prev10 of 11 Next> O Type here to search