Logistics Solutions provides order fulfillment services for dot com merchants. The company maintains warehouses that stock items carried by its dotcom 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 varlable overhead rate based on direct labor-hours. In the most recent month, 130,000 items were shipped to customers using 4,700 direct labor-hours. The company incurred a total of $13.630 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 rate is $2.95 per direct labor-hour Required: 1. What is the standard labor-hours allowed (SH) to ship 130,000 items to customers? 2. What is the standard variable overhead cost allowed (SH = SR) to ship 130,000 items to customers? 3. What is the variable overhead spending variance? 4. What is the variable overhead rate variance and the variable overhead efficiency varlance? (For requirements 3 and 4 , indicote the effect of each variance by selecting "F" for fovorable, "U" for unfovorable, and "None" for no effect (i.e., zero veriance). Input oll amounts os positive volues. Do not round intermediate colculations.) \begin{tabular}{|l|l|l|} \hline 1. Standard quantity of labor-hours allowed \\ \hline 2. Standard variable overhead cost allowed \\ \hline 3. Variable overhead spending variance & & \\ \hline 4. Variable overhead rate variance & & \\ \hline 4. Variable overhead efficiency variance & & \\ \hline \end{tabular}