Jackson Products uses standard costing. It allocates manufacturing overhead (both variable and fixed) to products on the basis of standard direct manufacturing labor-hours (DLH). (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. 1. Calculate total manufacturing overhead costs allocated. Begin by computing the budgeted hours per unit. Determine the formula, then compute the amount. Budgeted DLH Budgeted units = Budgeted hours per unit 4032000 672000 = 6 Now calculate the total manufacturing overhead (MOH) costs allocated. Determine the formula, then complete the calculation. Actual hrs per unit Budgeted hrs per unit Total MOH rate = Total MOH costs allocated 402000 6 .85 = 2050200 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 X Flexible Allocated incurred budgeted rate budget overhead Variable MOH Next complete the table for fixed MOH. Same budgeted lump sum Actual costs regardless of Flexible Allocated incurred output level budget overhead Fixed MOH Now calculate the remaining listed amounts for Jackson 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 4. The variable manufacturing overhead efficiency variance is 5. The production-volume variance is Choose from any list or enter any number in the input fields and then continue to the next question. ? More Info Jackso variable (DLH) (C Jal costs, compare IS: k the icon to view requirement Jackson 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 4,032,000 DLH. The company is able to schedule production uniformly thorughout the year. A total of 67,000 output units requiring 316,000 DLH was produced during May 2017. Manufacturing overhead (MOH) costs incurred for May amounted to $359,400. 1. Cald Begin X Data Table alc Annual Manufacturing Overhead Budget 2017 HC Per Per DLH Monthly Actual MOH Total Output Input MOH Budget Costs for om Amount Unit Unit May 2017 May 2017 Variable MOH Indirect manufacturing labor $ 403,200 $ 0.60 $ 0.10 $ 33,600 33,600 $ 67,200 Supplies 806,400 1.20 0.20 121,000 Fixed MOH Supervision 524,160 0.78 0.13 43,680 43,000 Utilities 0.72 0.12 61,000 483,840 1,209,600 40,320 100,800 1.80 0.30 Depreciation 100,800 Screenshot hot 6. 5.10 $ 0.85 $ 285,600 $ Total 359,400