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Exercise 10-3 (Algo) Variable Overhead Variances [LO10-3] Loglstics Solutions provides orderfulfiliment services for dot.com merchants. The company maintoins warehouses thot stockitems carlsed by its dotcom clients. When a clent recelves 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 overheod rate based on direct labor-hours. in the most recent month, 155.000 items were shipped to customers using 6,000 direct labor-hours. The company incurred a totol or $17,400 in variable overhead costs. rate is $300 per direct labor-hous Required: 1. What is the standord laboinours allowed (SH) to ship 155.000 items to customers? 2. What is the stancard vanable overnead cost allowed (SH, SR) to ship 155,000 rems to customers? 3 What is the varibie overhead spending yariance? 4. What is the varlable overhesd rate variance and the voriabie overpead efficlency vatiance? Note: For requlrements 3 and 4 , Indicete the effect of each vorience by selecting "F" for fovorable, U: for unfovorable, and "None" for no effect (l.e... zero verience). Input ell emounts es positive velues, Do not round intermeclate calculations