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

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:

$\backslash$table$[[,\backslash$table$[[$Standard Rate$],[$Standard Hours$],[$per Hour$]],\backslash$table$[[$Standard$],[$Cost$]]],[27$ minutes,$$6\mathrm{.}00,$$$2\mathrm{.}70$