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Erie Company manufactures a mobile fitness device called the Jogging Mate. The cornpany's labor standards...

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Accounting

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Erie Company manufactures a mobile fitness device called the Jogging Mate. The cornpany's labor standards for one Jogging Mate dre as folows: During August, 10,310 hours of direct-labor time were needed to make 19,200 units of the Jogging Mate. The direct lobor cost totaled SS97ing for the month. Required: 1. What is the standard labor hours allowed (SH) to makes 19,200 Jogoing Mates? 2. What is the standard labor cost allowed (SH Ste) to make 19.200 Jogging Mates? 3. What is the labor sperding varlance? 4. What are the labor rate variance and the labor efficiency variance? 5 The budgeted variable manufacturing overhead rote is $4.50 per direct labor hour. During August, the company incurred $5.,550 in varibile monufacturing overhead cost, Compute the variable overthead rate and efficiency variances for the month. Note: For requirements 3 through 5 , indicate the effect of each variance by selecting "F" for favorable, "u" for unfavorable, and "None" for no effect (i.e, zero variance). Input all amounts as positive values. Do not round intermediate calculations

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