Logistics Solutions provides order fuifilment services for dotcom merchants. The company maintains warehouses that stock items carried by its dot.com clients. When a client receives an order from a customer, the order is forwarded to Logistics Solutions, which pulls the item from storage, packs it, and ships it to the customer. The company uses a predetermined variable overhead rate based on direct labor-hours In the most recent month, 120,000 items were shipped to customers using 2,300 direct labor-hours. The company incurred a total of $7,360 in variable overhead costs According to the company's standards, 0.02 direct labor-hours are required to fulfill an order for one item and the varlable overhead rate is $325 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 ( SHSR ) to ship 120,000 items to customers? 3. What is the variable overhead spending varance? 4. What is the variable overhead rate variance and the variable overhead efficiency variance? (For requirements 3 and 4 , Indicote the effect of each voriance by selecting "F" fdefovorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all omounts os positive values. Do not round intermediate colculations.)