Data Table Annual Manufacturing Overhead Budget 2017 Per Per DLH Monthly Total Output Input MOH Budget Amount Unit Unit May 2017 Actual MOH Costs for May 2017 Variable MOH Indirect manufacturing labor $ 1,008,000 $ 672,000 1.50 $ 1.00 0.30 $ 0.20 84,000 $ 56,000 84,000 117,000 Supplies Fixed MOH Supervision Utilities 41,000 55,000 571,200 369,600 705,600 $ 3,326,400 $ 0.85 0.17 0.55 0.11 1.050.21 4.95 $ 0.99 $ 47,600 30.800 58,800 277,200 $ Depreciation 58,800 355,800 Total X i More Info ariabi ext cd Wilson Products develops its manufacturing overhead rate from the current annual budget. The manufacturing overhead budget for 2017 is based on budgeted output of 672,000 units, requiring 3,360,000 DLH. The company is able to schedule production uniformly thorughout the year. A total of 72,000 output units requiring 321,000 DLH was produced during May 2017 Manufacturing overhead (MOH) costs incurred for May amounted to $355,800. oose Wilson Products uses standard costing. It allocates manufacturing overhead (both variable and fixed) to products on the basis of standard direct manufacturing labor-hours (DLH). i (Click the icon to view additional information.) The actual costs, compared with the annual budget and 1/12 of the annual budget, are as follows: E (Click the icon to view the data.) Read the requirement 1. Calculate total manufacturing overhead costs allocated. Begin by computing the budgeted hours per unit. Determine the formula, then compute the amount. = Budgeted hours per unit Now calculate the total manufacturing overhead (MOH) costs allocated. Determine the formula, then complete the calculation. = Total MOH costs allocated For items 2 through 5, complete the following tables before calculating the remaining amounts in the requirement. Complete the table for variable MOH. Actual input Actual costs incurred Flexible budget Allocated overhead budgeted rate Variable MOH Next complete the table for fixed MOH. Same budgeted lump sum regardless of output level Actual costs incurred Flexible budget Allocated overhead Fixed MOH Now calculate the remaining listed amounts for Wilson Products for May 2017. Be sure to identify each variance as favorable (F) or unfavorable (U). 2. The variable manufacturing overhead spending variance is 3. The fixed manufacturing overhead spending variance is L L 4. The variable manufacturing overhead efficiency variance is 5. The production-volume variance is