1. Clarke Products uses standard costing. It allocates The actual costs, compared with the annual budget and manufacturing overhead (ooth variable and fxed) to products an the basis of standard direct manufacturing abor-hours (ouH 12 of the annual budget, are as folows: (Cick the icon to wew the data.) Read the requirement3 Click the icon to vew additional information) 1. Calculate total marufacturing overhead costs alocated Begin by computing the budgeted hours per unit. Detemine the formula, then compute the amount Budgeted DLH 3,240,000 Budgeted units 648,000 -Budgeted hours per unit Now calculate the total manufacturing averhead (MOH) costs allocated. Determine the formula, then complete the calculation. (3) Budgeted trs per Total MOH atex Actual units -Total MOH costs alocated a.98 71000 347900 For items 2 through 5, complete the folloing tables before calc ting the remaining amourts in the requirement. Complete the table for variable MOH. Actual input Actual cots Flexible Allocated incurred budgeted rato budget overhead Variable MOH Next complete the table for fixed MOH Same budgeted lump sum regardless of output level Actual costs Flexible Allocated incurred budget overhead Fixed MOH Now calculate the remaining listed amaunts far Clarke Products for May 2017. Be sure to idertify each variance as avarable (F) or unfavorable (U). .The variable manufacturing overhead spending variance is 3. The fxed manufacturing overhead spending variance is .The variable manufacturing overhead eficiency veriance is . The productianolume variance is 1: More Info Clarke Products develops its manufacturing overhead rate from the current annual budget. The manufacturing overhead budget for 2017 is based on budgeted output of 648,000 units, requiring 3,240,000 DLH. The company is able to schedule production unifarmly thorughout the year. A total of 71,000 output units requiring 320,000 DLH was produced during May 2017. Manufacturing overhead (MOH) costs incurred for May amorted to S314.200. 2: Data Table