Exercise 9-10 (Algo) Direct Labor and Variable Monufacturing Overhead Variances [LO9-5, LO9.6] Eire Company manufactures.a mobile fitness device caled the Jogging Mate. The company uses sandards to conted its cost the tabor standards that have been set for one Jogging Mate are as follows: During August, 9.590 hours of direct labor time were needed to mbke 19,800 uniss of the Jogging Mate. The drect tobec cost totaled $53,704 for the month. Required: 1. What is the standard labor-hours allowed (5H) to makes t9,800 Jogging Mares? 2. What is the standard labor cost allowed (SH SR) to make 19,800 Jogging Mates? 3. What is the labor spending vaciance? 4. What is the lobor rate variance and the tobor efficiency vanance? 5. The budgeted variable manufacturing overheed cate is 34.70 pet drect labothour. During Augunt the compsny incurred 340.868 in variable manuifacturing overhe ad cost. Compine the variable overhesd rate ond effciency 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 (li.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.) Exercise 9-10 (Algo) Direct Labor and Variable Monufacturing Overhead Variances [LO9-5, LO9.6] Eire Company manufactures.a mobile fitness device caled the Jogging Mate. The company uses sandards to conted its cost the tabor standards that have been set for one Jogging Mate are as follows: During August, 9.590 hours of direct labor time were needed to mbke 19,800 uniss of the Jogging Mate. The drect tobec cost totaled $53,704 for the month. Required: 1. What is the standard labor-hours allowed (5H) to makes t9,800 Jogging Mares? 2. What is the standard labor cost allowed (SH SR) to make 19,800 Jogging Mates? 3. What is the labor spending vaciance? 4. What is the lobor rate variance and the tobor efficiency vanance? 5. The budgeted variable manufacturing overheed cate is 34.70 pet drect labothour. During Augunt the compsny incurred 340.868 in variable manuifacturing overhe ad cost. Compine the variable overhesd rate ond effciency 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 (li.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.)