More Info Jackson Products develops its manufacturing overhead rate from the current annual budget. The manufacturing overhead budget for 2017 is based on budgeted output of 684,000 units, requiring 4,104,000 DLH. The company is able to schedule production uniformly thorughout the year. A total of 67,000 output units requiring 322,000 DLH was produced during May 2017. Manufacturing overhead (MOH) costs incurred for May amounted to $421,780. Print Done X Data Table Annual Manufacturing Overhead Budget 2017 Per Per DLH Monthly Total Output Input MOH Budget Actual MOH Costs for Amount Unit Unit May 2017 May 2017 Variable MOH 1.80 $ 0.30 $ 102,600 $ 102,600 Indirect manufacturing labor $ 1,231,200 $ Supplies 820,800 Fixed MOH 1.20 0.20 68,400 119,000 Supervision 0.90 0.15 51,300 42,000 Utilities 615,600 492,480 1,190,160 0.72 0.12 41,040 99,180 59,000 99,180 1.74 0.29 Depreciation $ 4,350,240 $ 6.36 $ 1.06 $ 362,520 $ 421,780 Total Print Done 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 x 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 Actual costs lump sum regardless of output level Flexible Allocated incurred 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). 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