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Logistics Solutions maintains warehouses that stock items carried by its dotcom clients. When a client receives an order from a customer, the order is forwarded to Logistics Solutions, which puls 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, 150,000 items were shipped to customers using 5,900 direct labor-hours. The company incurred a total of $18,290 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 $3.15 per direct labor-hour. Required: 1. What is the standard labor-hours allowed (SH) to ship 150,000 items to customers? 2. What is the standard variable overhead cost allowed ( SHSR ) to ship 150,000 items to customers? 3. What is the variable overhead spending variance? 4. What are the variable overhead rate variance and the variable overhesd 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. 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 efficiency variance

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