Erie Compory manufoctures a mobile feness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows. Duing Auguse, 9,320 hous of direct isbor time were needed to make 19,600 units of the Jogging Mase. The direct labor cost totaled $54.988 for the month. Aequired: 1. What is the standard labor-hours allowed (SH) to makes 19.600 Jogging Mates? 2. What is the standard labor cost allowed (SH 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 variance? 5. The budpeted variable manufocturing overhood rate is $4 to per direct iabor thour. During August, the company incurred $4 toos in variable manufactuaing overhead cost. Compute the vatiable overhead rate and efficiency variances for the month. (For requirements 3 through 5 , Indicate the effect of ench variance by selecting "F" for favorable, "U" for untavorable. and "None" for no effect (ie,. tero variance). Input all amounts as positive values. Do not round intermediate calculations.)