gistics Solutions provides order fulfillment services for dot.com merchants. The company maintains warehouses that stock items arried by its dot.com clients. When a client receives an order from a customer, the order is forwarded to Logistics Solutions, which ulls the item from storage, packs it, and ships it to the customer. The company uses a predetermined variable overhead rate based n direct labor-hours. the most recent month, 120,000 items were shipped to customers using 4,100 direct labor-hours. The company incurred a total of 11,480 in variable overhead costs. According to the company's standards, 0.03 direct labor-hours are required to fulfill an order for one item and the variable overhead rete is $2.85 per direct labor-hour. Required: 1. What is the standard labor-hours allowed (SH) to ship 120.000 items to customers? 2. What is the standard variable overhead cost allowed (SH SR ) to ship 120,000 items to customers? 3. What is the variable overhead spending variance? 4. What is the variable overhead rate variance and the variable overhead efficiency variance? (For requirements 3 and 4 , 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 no round intermediate calculations.)