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Logistics Solutions 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 labor-hours. In the most recent month, 110,000 items were shipped to customers using 3,500 direct labor-hours. The company incurred a total of $9.450 in variable overhead costs. According to the company's standards, 0.03 direct labor-hour is required to fulfill an order for one item and the variable overhead rate is $2.75 per direct labor-hour. Requlred: 1. What is the standard labor-hours allowed (SH) to ship 110,000 items to customers? 2. What is the standard variable overhead cost allowed (SH SR) to ship 110,000 items to customers? 3. What is the variable overhead spending variance? 4. What are the variable overhead rate variance and the variable overhead efficiency variance? Note: For requlrements 3 end 4 , Indleete the effect of each verlance by selecting "F" for fevorable, "U" for unfevorable, and "None" for no effect (l.e., zero varlence). Input all emounts as positive values. Do not round Intermedlete caleuletlons. 1. Standard quantity of labor-hours allowed 2. Standard variable overhead cost allowed 3. Variable overhead spending variance 4. Variable overhead rate variance 4. Variable overhead efficienoy variance