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THIS IS URGENT CAN SOMEONE ANSWER THIS QUESTION IMMEDIATNLY PLEASE !! More Info Wilson Products develops its manufacturing overhead rate from the current annual budget.

image text in transcribedTHIS IS URGENT CAN SOMEONE ANSWER THIS QUESTION IMMEDIATNLY PLEASE !!image text in transcribed

More Info Wilson Products develops its manufacturing overhead rate from the current annual budget. The manufacturing overhead budget for 2017 is based on budgeted output of 636,000 units, requiring 3,816,000 DLH. The company is able to schedule production uniformly thorughout the year. A total of 67,000 output units requiring 319,000 DLH was produced during May 2017 Manufacturing overhead (MOH) costs incurred for May amounted to $402,080. Print Done Wilson 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: E: (Click the icon to view the data.) Read the requirement. .... x Data Table 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 For items 2 through 5, complete the following tables before calculating the remaining amounts in the requirement. Complete the table for variable MOH. Annual Manufacturing Overhead Budget 2017 Per Per DLH Monthly Actual MOH Total Output Input MOH Budget Costs for Amount Unit Unit May 2017 May 2017 Variable MOH Indirect manufacturing labor $ 1.144,800 $ 1.80 $ 0.30 $ 95,400 $ 95,400 Supplies 763,200 1.20 0.20 63,600 121,000 Fixed MOH Supervision 648,720 1.02 0.17 54,060 46.000 Utilities 381,600 0.60 0.10 31,800 57,000 992,160 1.56 0.26 Depreciation 82.680 82,680 Total $ 3,930,480 $ 6.18 $ 1.03 $ 327,540 $ 402,080 Actual input Actual costs Flexible Allocated incurred budgeted rate budget overhead Variable MOH Next complete the table for fixed MOH - X Same budgeted lump sum regardless of output level Requirement Actual costs Flexible Allocated incurred budget overhead Fixed MOH Now calculate the remaining listed amounts for Wilson Products for May 2017. Be sure to identify each variance as favorable (F) or unfavorable (U). Calculate the following amounts for Wilson 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). 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 Print Done

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