STANDARD COST SYSTEM - MOH VARIANCES (must show calculations) Company budgeted production level in units is 60,000 units of output with a budgeted fixed cost of $480,000 and budgeted variable cost of $348,000. Each unit requires 2 hours of direct labor. (Use T accounts to help yourself) Actual results: Production: 58,500 units Direct labor hours used: 128,700 Total actual MOH costs incurred: $819,228 Total actual FIXED MOH costs incurred: $480,643 1. Calculate the standard (budgeted) VMOH cost per unit and per hour: 4. VMOH per unit: $ VMOH per hour: $ 2. Calculate the standard (budgeted) FMOH cost per unit and per hour: FMOH per unit: $ FMOH per hour: $ 3. Calculate the standard VMOH allocated to production during the year and prepare journal entry: VMOH Allocated: $ DR CR Calculate the standard FMOH allocated to production during the year and prepare journal entry: CONTINUED ON NEXT PAGE: FMOH Allocated $ DR CR