Help Chapter 9 Homework 6 1 DO otlook Exercise 9-10 (Algo) Direct Labor and Variable Manufacturing Overhead Variances (LO9-5, L09-6 Erie Company manufactures a mobile fitness device called the Jogging Mate. The company ises standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Rate Standard Standards pour Cout 24 minutes 52:32 During August. 8.330 hours of direct labor time were needed to make 19.000 units of the Jogging Mate. The direct labor cost totaled 547481 for the month Required: 1. What is the standard labor hours allowed (SH) to makes 19,000 Jogging Mates? 2. What is the standard labor cost allowed (SHSR to make 19.000 Jogging Mates? 2. What is the labor spending variance? 4. What is the labor rate voilance and the labor efficiency variance? 5. The budgeted variable manufacturing overhead rate is $40 per direct lobornour During August the company incurred $36,652 in Variable manufacturing overhead cost Compute the variable overhead rate and efficiency variances for the month For requirements through 5 indicate the effect of ench variance by selecting for favorable "U" for unfavorable, and "None for no effectie, zero variance), Input all amounts es positive values. Do not round intermediate calculations) Helene Sowed Lore Now