Erle Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The tabor standards that have been set for one Jogging Mate are as follows: Standard Kate Standard MOU 30 minutos $5.60 32.80 standard per Hour Cost During August 10,070 hours of direct labor time were needed to make 19300 units of the Jogging Mote. The direct lobor cost totaled $54,378 for the month Required: 1. What is the standard labor hours allowed (SH) to makes 19,100 Jogging Mates? 2. What is the standard labor cost allowed (SHSR) to make 19100 Jogging Motos? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor officiency variance? 5. The budgeted variable manufacturing overhead rate is $4.50 per direct labor-hour. During August, the company incurred $52,364 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 "P" 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.) 9.550 $ 53,480 $ 898 1. Standard labor-hours allowed 2 Standard labor cost allowed 3. Labor spending variance 4. Labor rate varianos Labor officiency variance 5 Variable overhead rate variance U Prov 1 of 3 Next >