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More info Clarke Products develops its manufacturing overhead rate from the current annual budget. The manufacturing overhead budget for 2017 is based on budgeted output
More info Clarke Products develops its manufacturing overhead rate from the current annual budget. The manufacturing overhead budget for 2017 is based on budgeted output of 708,000 units, requiring 3,540,000DLH. The company is able to schedule production uniformly thorughout the year. A total of 69,000 output units requiring 324,000 DLH was produced during May 2017. Manufacturing overhead (MOH) costs incurred for May amounted to $329,050. (Click the icon to view the data.) (Click the icon to view additional information.) Read the requirement. 1. Calculate total manufacturing overhead costs allocated. Data table Begin by computing the budgeted hours per unit. Determine the formula, then compute the amount. =Budgetedhoursperunit= Now calculate the total manufacturing overhead (MOH) costs allocated. Determine the formula, then complete the calculation. For items 2 through 5 , complete the following tables before calculating the remaining amounts in the requirement. Complete th Next complete the table for fixed MOH. Requirement Calculate the following amounts for Clarke Products for May 2017: 1. Total manufacturing overhead costs allocated Now calculate the remaining listed amounts for Clarke Products for May 2017. Be sure to identify each variance as favorable (F) or unfavorable 2. Variable manufacturing overhead spending variance 2. The variable manufacturing overhead spending variance is 3. Fixed manufacturing overhead spending variance 4. variable manutacturing overhead efficiency variance 3. The fixed manufacturing overhead spending variance is 5. Production-volume variance 4. The variable manufacturing overhead efficiency variance is 5. The production-volume variance is
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