ships it to the customer. The company uses a predetermined variable overhead rate bas direct labor-hours. he most recent month, 140,000 items were shipped to customers using 5,300 direct labor-hours. The company incurred a total 5,900 in variable overhead costs. cording to the company's standards, 0.03 direct labor-hours are required to fulfill an order for one item and the variable overhea te is $3.05 per direct labor-hour. equired: What is the standard labor-hours allowed (SH) to ship 140,000 items to customers? What is the standard variable overhead cost allowed (SH x SR) to ship 140,000 items to customers? What is the variable overhead spending variance? What is the variable overhead rate variance and the variable overhead efficiency variance? For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" fo no effect (i.e., zero variance). Input all amounts as positive values. Do no round intermediate calculations.) 1. Standard quantity of labor-hours allowed 2 Standard variable overhead cost allowed