Erle Company manufactures a mobile fitness 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: Standard HOGY 18 minutes Standard Rate por Hour $17.00 Standard cost $5.10 ht evices 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 $102,350 for the month Required: 1. What is the standard labor hours allowed (SH) to makes 20,000 Jogging Mates? 2. What is the standard labor cost allowed (SHSR) to make 20,000 Jogging Mates? 3. What is the labor spending variance? 4. What is the labor rote variance and the labor efficiency variance? 5. The budgeted variable manufacturing overhead rate is $4 per direct lobor-hour During August, the company incurred $21.850 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 unfavorable, and "None" for no effect (Letero variance). Input all amounts as positive values. Do not round Intermediate calculations.) 1 Gitandard abor-hours allowed 2. Standard labor cost towed Labor spending van $ 5 6,000 3.060 350