Exercises Help Save& Exit Submlt Check my work 30 minutes $5.60 $2.80 During August, 10,500 hours of direct labor time were needed to make 19,500 units of the Jogging Mate. The direct labor cost totaled $57,750 for the month. Required: 1. What is the standard labor-hours allowed (SH) to makes 19,500 Jogging Mates? 2. What is the standard labor cost allowed (SH SR) to make 19,500 Jogging Mates? 3. What is the labor spending variance? 4. What is the labor rate varlance and the labor efficiency variance? 5. The budgeted variable manufacturing overhead rate is $4.50 per direct labor-hour. During August, the company incurred $5 varlances for the month. 6,700 in variable manufacturing overhead cost. Compute the variable overhead rate and efficiency For requirements 3 through 5, indicate the effect of each varlance 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.) 1. Standard labor-hours allowed 2. Standard labor cost allowed rate variance Labor efficiency variance 5. Variable overhead rate variance Variable overhead efficiency variance MacBook Air