Exerclse 10.4 (Algo) Direct Labor and Varlable Manufacturing Overhead Varlances [LO10.2, LO10-3] Erle 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: Durling August, 10,360 hours of direct labor time were needed to make 19,700 unlts of the Jogging Mate. The direct labor cost totaled $56,980 for the month. Required: 1. What is the standard labor-hours allowed (SH) to makes 19700 Jogging Mates? 2. What is the standard labor cost allowed (SH SR ) to make 19,700 Jogging Mates? 3. What is the labor spending varlance? 4. What is the labor rate varlance and the labor efficlency varlance? 5 . The budgeted varlable manufacturing overhead rate is $4.30 per direct labor-hour. During August, the company Incurred $51,800 in varlable manufacturing overhead cost. Compute the varlable overhead rate and efficlency varlances for the month. (For requirements 3 through 5 , indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positlve values. Do not round intermediate calculations.)