Grant Manufacturing uses standard costing. It allocates manufacturing overhead (both variable and fixed) to products on the basis of standard direct manufacturing labor-hours (DMLH). (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: (Click the icon to view the data.) Read the requirement. - - Data table Requirement 1. Calculate the following amounts for Grant Manufacturing for August 2020: 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). Annual Manufacturing Overhead Budget 2020 Per Per DMLH Monthly Actual MOH Total Output Input MOH Budget Costs for Amount Unit Unit August 2020 August 2020 Variable MOH 921,600 $ 1.60 $ 0.40 $ 76,800 $ 76,800 Indirect manufacturing labor $ Supplies 576,000 1.00 0.25 48,000 89,400 - X Fixed MOH More info 691,200 1.20 0.30 57,600 Supervision Utilities 0.60 0.15 28,800 345,600 806,400 47,100 39,900 75,900 1.40 Depreciation 0.35 67,200 $ 3,340,800 $ 5.80 $ 1.45 $ 278,400 $ 329,100 Total 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 thorughout 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. H Print Done