Logistics Solutions provides order fulfilment 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, pocks it, and ships it to the customer. The company uses a predetermined variable overtiead 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 $7360 in variable overhead costs. According to the company's standards, 002 direct labor-hours are required to fulfill an order for one item and the variable overheod rate is $3.25 per direct labor-hour. Required: 1. What is the standard tabor hours allowed (SH) to ship 120,000 items to customers? 2. What is the standard valable overhead cost allowed (SH * SR) to ship 120,000 items to customers? 3. What is the variable overhead spendiry variance? 4. What is the variable overhead rate variance and the variable overhead efficiency variance? Note: 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