Logistics Solutions provides order fulfilment services for dot com merchants. The company maintains warehouses that stock items carried by its dotcom ctients. When a cllent recelves an order from a customer, the order is forwarded to Logistics Solutions, which pulls the item from storage, packs it and ships it to the customer. The compary uses a predetermined variable overhead rate bosed on direct iabor-hours. In the most recent month, 160,000 items were shipped to customers using 6,500 direct labor hours. The company incurted a total of $20,800 in varlable overhesd 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 $325 per direct labor hout Required: 1. Whot is the standord iabor-hours allowed (SH) to ship 160,000 iterns to customers? 2. What is the standard varlable overhead cost allowed (SH SR ) to ship 160,000 liems to customers? 3. What is the verioble overheod spending variance? 4. What is the variable overhead rate variance 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 (le. rero variance). Input all amounti as positlve values. Do not round intermediate calculations) Logistics Solutions provides order fulfilment services for dot com merchants. The company maintains warehouses that stock items carried by its dotcom ctients. When a cllent recelves an order from a customer, the order is forwarded to Logistics Solutions, which pulls the item from storage, packs it and ships it to the customer. The compary uses a predetermined variable overhead rate bosed on direct iabor-hours. In the most recent month, 160,000 items were shipped to customers using 6,500 direct labor hours. The company incurted a total of $20,800 in varlable overhesd 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 $325 per direct labor hout Required: 1. Whot is the standord iabor-hours allowed (SH) to ship 160,000 iterns to customers? 2. What is the standard varlable overhead cost allowed (SH SR ) to ship 160,000 liems to customers? 3. What is the verioble overheod spending variance? 4. What is the variable overhead rate variance 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 (le. rero variance). Input all amounti as positlve values. Do not round intermediate calculations)