Required:

What is the standard labor$-$hours allowed $($SH$)$ to ship $120,000$ items to customers?

What is the standard variable overhead cost allowed $(SHSR$ to ship $120,000$ items to customers?

What is the variable overhead spending variance?

What are the variable overhead rate variance and the variable overhead efficiency variance?

Note: 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.