8-39 Flexible budgets, 4-variance analysis. (CMA, adapted) Grant Manufacturing uses standard costing. It allocates manufacturing overhead (both variable and fixed) to products on the basis of stan- dard direct manufacturing labor-hours (DMLH). Grant develops its manufacturing overhead rate from the current annual budget. The manufacturing overhead budget for 2020 is based on budgeted output of 576,000 units, requiring 2,304,000 DMLH. The company is able to schedule production uniformly throughout the year. A total of 46,000 output units requiring 193,200 DMLH was produced during August 2020. Manufacturing overhead (MOH) costs incurred for August amounted to $329,100. The actual costs, compared with the an- nual budget and 1/12 of the annual budget, are as follows: Annual Manufacturing Overhead Budget 2020 Per Monthly MOH Actual MOH Total Output Per DMLH Budget Costs for August 2020 Variable MOH Amount Unit Input Unit August 2020 Indirect manufacturing labor $ 921,600 $1.60 $0.40 $ 76,800 $ 76,800 Supplies odel josue no begod 576,000 1.00 0.25 48,000 89,400 Fixed MOH Supervision Utilities 691,200 1.20 0.30 57,600 47,100 Depreciation 345,600 0.60 0.15 28,800 39,900 Total 806,400 1.40 0.35 67,200 75,900 $3,340,800 $5.80 $1.45 $278,400 $329,100 Calculate the following amounts for Grant Manufacturing for August 2020: 08.02 lead youbon 1. Total manufacturing overhead costs allocated 20.02 2. Variable manufacturing overhead spending variance 3. Fixed manufacturing overhead spending variance 4. Variable manufacturing overhead efficiency variance 5. Production-volume variance Be sure to identify each variance as favorable (F) or unfavorable (U). (dahav stugmod ard go mammo?- S