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Logistics Solutions provides order fulllment services for dot.com merchants. The company maintains warehouses that stock items carried by its dot.com clients. When a client receives 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 company uses a predetermined variable overhead rate based on direct laborhours. In the most recent month, 110,000 items were shipped to customers using 3,500 direct laborhours. The company incurred a total of $9,450 in variable overhead costs. According to the company's standards, 0.03 direct laborhours are required to fulfill an order for one item and the variable overhead rate is $2.75 per direct labor-hour. Required: 1. What is the standard laborhours allowed (SH) to ship 110,000 items to customers? 2. What is the standard variable overhead cost allowed (SH X SR) to ship 110,000 items to customers? 3. What is the variable overhead 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 unfavorable, and "None" for no effect {i.e., zero variance}. Input all amounts as positive values. Do not round intermediate calculations.) 1. Standard quantity of laborhours allowed 2. Standard variable overhead cost allowed 3. Variable overhead spending variance 4. Variable overhead rate variance 4. Variable overhead efficiencyr variance