Exercise 9.6 (Algo) Variable Overhead Variances [LO9.6] Logistics Solutions provides order fulfilment services for dotcom merchants. The company maintains warehouses that stock items carried by its dotcom clients. When a client recelves an order from a customer, the order is forwarded to Logistics Solutions, which pulls, the item from storage, pocks it, and ships it to the customer. The company uses a predetermined variable overhead rate based on direct labor-hours In the most recent month, 145,000 items were shipped to customers using 5,600 direct labor-hours. The company incurred a total of $17,080 in variable overhead costs According to the company's standards, 0.04 direct labor-hours are required to fulfill an order for one itern and the varlable overhead rate is $310 per direct labor-hour. Required: 1. What is the standard labor-hours allowed (SH) to ship 145,000 items to customers? 2. What is the standard variable overhead cost allowed (SH SR) to ship 145,000 items to customers? 3. What is the vatiable overhead spending variance? 4. What is the variable overhead rate vatiance and the variable overhead efficiency variance? (For requirements 3 and 4 , indicate the effect of each variance by selecting "F" for favorable, "U" for unfovorable, and "None" for no effect (i.e., zero variance). Input all amounts os positive values. Do not round intermediate calculations.)