Hours 27 minutes per Hour $6.00 Cost $ 2.70 During August 9,605 hours of direct labor time were needed to make 19.700 units of the Jogging Mate. The direct labor cost totaled $56.670 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 19700 Jogging Mates? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor efficiency varlance? 5. The budgeted variable manufacturing overhead rate is $4.50 per direct labot hour. During August, the company incurred 546,104 in variable manufacturing overhead cost. Compute the variable overhead rate and efficiency 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 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 3. Labor spending variance 4 Labor rate variance 4 Labor efficiency variance 5 Variable overhead rate varianco 5 Variable overhead efficiency variance