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please help and thank you! I will up vote! Erie Company manufactures a mobile fitness device called the Jogging Mate. The company's labor standards for
please help and thank you! I will up vote!
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company's labor standards for one Jogging Mate are as follows: During August, 9,715 hours of direct labor time were needed to make 19,900 units of the Jogging Mate. The direct labor cost totaled $59,262 for the month. Required: 1. What is the standard labor-hours allowed (SH) to makes 19,900 Jogging Mates? 2. What is the standard labor cost allowed (SH SR) to make 19,900 Jogging Mates? 3. What is the labor spending variance? 4. What are the labor rate variance and the labor efficiency variance? 5. The budgeted variable manufacturing overhead rate is $4.30 per direct labor-hour. During August, the company incurred $46.632 in variable manufacturing overhead cost. Compute the variable overnead rate and efficiency variances for the month. Note: For requirements 3 through 5, Indicete the effect of each variance by selecting "F" for fovorable, "U" for unfevorable, and "None" for no effect (l.e., zero varlence). Input all amounts as positlve values. Do not round Intermedlate calculations
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