Cooper Products uses standard costing. It allocates manufacturing overhead (both variable and fixed) to products on the basis of standard direct The actual costs, compared with the annual budget and 1/12 of the annual budget, are as follows: manufacturing labor-hours (DLH). Click the icon to view the data * More Info i Data Table Cooper Products develops its manufacturing overhead rate from the current annual budget. The manufacturing overhead budget for 2017 is based on budgeted output of 660,000 units, requiring 3,960,000 DLH. The company is able to schedule production uniformly thorughout the year. A total of 76,000 output units requiring 320,000 DLH was produced during May 2017 Manufacturing overhead (MOH) costs incurred for May amounted to $331,900. Print Done Annual Manufacturing Overhead Budget 2017 Per Per DLH Monthly Actual MOH Total Output Input MOH Budget Costs for Amount Unit Unit May 2017 May 2017 Variable MOH Indirect manufacturing labor $ 396,000 $ 0.60 $ 0.10 $ 33,000 $ 33,000 Supplies 792,000 1.20 0.20 66,000 118,000 Fixed MOH Supervision 554,400 0.84 0.14 46,200 44,000 Utilities 673.200 1.02 0.17 56,100 61,000 910.800 1.38 0.23 Depreciation 75,900 75,900 $ 3,326,400 $ 5.04 $ 0.84 S 277,200 $ 331,900 Total i Requirement - X Calculate the following amounts for Cooper Products for May 2017: 1. Total manufacturing overhead costs allocated 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). Print Done Print Done Moreover