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Thanks in advance! Exercise 10-4 Direct Labor and Variable Manufacturing Overhead Variances [L010-2, L010-3] the Jogging Mate. The company uses standards to control its costs.

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Exercise 10-4 Direct Labor and Variable Manufacturing Overhead Variances [L010-2, L010-3] 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 Standar Cost Rate Hours per 30 minutes $5.40 $2.70 s of direct labor time were needed to make 19,500 units of the Jogging Mate. The direct labor cost totaled $54,132 for the month. Required . 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? 4. 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 incurred $56.214 in variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month. (For requirements 3 through 5, indicate the effect of each veriance by selecting "Fl" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate celculations.) 2. ard labor cost allowed Labor spending variance

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