Exercise 9-6 Variable Overhead Variances [LO9-6 Logistics Solutions provides order fulfilment services for dot.com merchants. The company maintains warehouses that stock tems carried by lts dot.com clients. When a client recelves an order from a customer, the order is forwarded to Logistics Solutions, which pulls the tem from storage, packs it, and ships it to the customer. The company uses a predetermined on direct labor-hours variable overheed rate based ln the most recent month, items were shipped to customers using ZOO direct labot ours The company incurred a total of $23,430 in varlable overhead costs According to the company's standards, 0.03 direct labor-hours are required to fulfill an order for one item and the varlable overhead rate is $3.35 per direct labor-hour 1. What is the standard labor-hours allowed (SH) to ship 170,000 items to customers? 2.What is the standard variable overhead cost allowed (SH SR) to ship 170,000 kems to customers? 3. What is the variable overheed spending varlance? 4. What is the varlable overhead rate varlance and the variable overhead efficlency variance? Rederences (For requirements 3 and 4, Indicate the effect of each variance by selecting "F for favorable,"U" for unfevorable, and "None" for no effect ae.. zero variance)Input all amounts as positive values. Do not round intermediate calculations) 1 Standand quantihy of labor hours allowed 2. Standard variable overhead cost allowerd