In the most recent month, $175,000$ items were shipped to customers using $7,400$ direct labor$-$hours. The company incurred a total of $$24,790$ in variable overhead costs.

According to the company's standards, $0\mathrm{.}04$ direct labor$-$hours are required to fulfill an order for one item and the variable overhead rate is $$3\mathrm{.}40$ per direct labor$-$hour.

Required:

What is the standard labor$-$hours allowed $($SH$)$ to ship $175,000$ items to customers?

What is the standard variable overhead cost allowed $($SH $$ SR$)$ to ship $175,000$ items to customers?

What is the variable overhead spending variance?

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 not round intermediate calculations.$)$

$\backslash$table$[[1.$ Standard quantity of labor$-$hours allowed,,$],[2.$ Standard variable overhead cost allowed,,$],[3.$ Variable overhead spending variance,,$],[4.$ Variable overhead rate variance,,$],[4.$ Variable overhead efficiencv variance,,$]]$