Homework 49 Save & 3 07 Exercise 10-4 (Algo) Direct Labor and Variable Manufacturing Overhead Variances (LO10-2 LO10-3) Ele Company manufactures a mobile tess device called the Jogaing Me The company is standardu to controll ts costs. The labor standards that have been set for one Jogging Mote are as follows: Standard Standard Rate Standard Hours per hour 27 sinutes CORT 6.00 During August 9.615 hours of direct labor time were needed to make 19.900 units of the Jogoing Mate. The direct labor cost totaled $56.729 for the month Required: 1. What is the standard labor hours allowed (SH) to makes 19.900 Jogging Mates? 2. What is the standard labor cost allowed (SH.SR) to make 19.900 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 laborhout. During August, the company incurred 549.90 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 variance by selecting "F" for favorable, "U" for unfavorable, and "None for no effectie, zero variance). Input all amounts as positive values. Do not round intermediate calculations.) co References 1. Standard labor hours allowed 2. Standard labor cost owed 3. Labor spending variance 4 Laborats arance 4 Laborecency variance Sale overhead rotevance s Variable overhead atency variance