O https/ Chapter 10 Homework Help 3 Save & E Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs The labor standards that have been set for one Jogging Mate are as follows Standard Standard Rate Standard Hours 27 minutes$6.00 per Hour Cost $2.70 Skipped During August. 9,305 hours of direct labor time were needed to make 19,500 units of the Jogging Mate The direct labor cost totaled $54,900 for the month. Required: 1. What is the standard labor-hours allowed (SH) to makes 19.500 Jogging Mates? 2 What is the standard labor cost allowed (SH SR) to make 19,500 Jogging Mates? 3. What is the labor spending variance? What is the labor rate variance and the labor efficiency variance? 5. The budgeted variable manufacturing overhead rate is $4 50 per direct labor-hour During August, the company incured $50247 abl manufacturing overhead cost Compute the variasle ovethead ate and etciencoy wariances for the (For requirements 3 through 5, indicate the effect of each voriance by selecting "F" for favorable, "ur for unfevorable, and "None for no effect (i.e., zero variance). Input all amounts as positive alues Do not round intermediote calculations) overhead rate and efficiency variances for the month . a Next >