Logistics Solutions provides order fulfillment services for dot.com merchants The company maintains warehouses that dock 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, 175.000 items were shipped to customers using 7400 direct labor-hours. The company incuted a total of $24,790 in Variable overhead costs According to the company's standards, 004 direct labor-hours are required to fulfill an order for one item and the variable weitead rate is $3.40 per direct labor-hour Required: 1 What is the standard labor-hours allowed (SH} to ship 175.000 items to customers? 2 What is the standard variable overhead cost allowed (SHSR) to ship 175.000 items to customers 3. What is the variable overhead spending variance 4 What is the variable overhead tate variance and the variable overhead efficiency variance? (For requireme 84. indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (le, zerence), Input all amounts as positive values. Do not round intermediate calculations.) 1 Standard quantity of labor hours allowed 2: Standard variable overhead cout allowed 3 Variable overhead spending variance 4. Variable overhead rato variance Variable overhead efficiency variance Nat> Dawson Toys Ltd, produces a toy called the Maze The company has recently created a standard cott system to help control costs and has established the following standards for the Maze toy Direct materials 6 microns per toy at $0.30 per micron Direct labor 12 hours per toy at $720 per hour During July, the company produced 4,600 Maze toys. The toy's production data for the month are as follows Direct materials 73,000 microns were purchased at a cost of $0.27 per micron 38.500 of these microns were still in inventory at the end of the month. Direct labor 5,920 direct labor-hours were worked at a cost of $46,768 Required: 1 Compute the following variances for July (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable and "None" for no effect (.e.. zero variance), Input all amounts as positive values. Do not round intermediate calculations. Round final answer to the nearest whole dollar amount.) a. The materials price and quantity variances b. The laborate and efficiency variances 1a Material price variance Material quantity wanance tb Laborale warance Labor eficiency vanance