Exercise $9-10($Algo$)$ Direct Labor and Variable Manufacturing Overhead Variances $[$L$09-5,$ L$09-6]$

Erie 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:

During August, $9,190$ hours of direct labor time were needed to make $19,000$ units of the Jogging Mate. The direct labor cost totaled $$50,545$ for the month.

Required:

What is the standard labor$-$hours allowed $($SH$)$ to makes $19,000$ Jogging Mates?

What is the standard labor cost allowed $($SH $$ SR$)$ to make $19,000$ Jogging Mates?

What is the labor spending variance?

What is the labor rate variance and the labor efficiency variance?

The budgeted variable manufacturing overhead rate is $$4\mathrm{.}70$ per direct labor$-$hour. During August, the company incurred $$47,788$ 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 $($i$.$e$.,$ zero variance$).$ Input all amounts as

positive values. Do not round intermediate calculations.$)$