Martin 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 costo, 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 Hard costing. It allocates manufacturing he actual colo i Data Table Actual MOH Annual Manufacturing Overhead Budget 2017 Per Per DLH Monthly Total Output Input MOH Budget Amount Unit Unit May 2017 Costs for May 2017 Variable MOH Indirect manufacturing labor Supplies 1.80 $ 91,800 $ 1.101,600 $ 734,400 0.30 $ 0.20 91,800 $ 61,200 1.20 112,000 Fixed MOH Supervision 1.02 0.17 Utilities 624,240 367,200 844,560 0.60 0.10 0.23 52,020 30,600 70,380 47,000 62,000 70,380 383,180 1.38 Depreciation $ 3,672,000 $ 6.00 $ 1.00 $ 306,000 $ Total Print Done O 1 More Info - X Martin Products develops its manufacturing overhead rate from the current annual budget. The manufacturing overhead budget for 2017 is based on budgeted output of 612,000 units, requiring 3,672,000 DLH. The company is able to schedule production uniformly thorughout the year. A total of 70,000 output units requiring 325,000 DLH was produced during May 2017 Manufacturing overhead (MOH) costs incurred for May amounted to $383,180. Print Done er X - Requirement 70 Calculate the following amounts for Martin 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