Turner 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: (Click the icon to view the data.) Read the requirement. 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 DLH 3,540,000 Budgeted units 708,000 = Budgeted hours per unit 5 Now calculate the total manufacturing overhead (MOH) costs allocated. Determine the formula, then complete the calculation. Actual units 73,000 Budgeted hrs per unit 5 Total MOH rate 1.02 = Total MOH costs allocated $ 372,300 For items 2 through 5, complete the following tables before calculating the remaining amounts in the requirement. Complete the table for variable MOH. Variable MOH Actual input Actual costs incurred budgeted rate Flexible budget Allocated overhead More Info Annual Manufacturing Overhead Budget 2017 Per Total Output Amount Unit Per DLH Input Unit Monthly MOH Budget May 2017 Actual MOH Costs for May 2017 Variable MOH Indirect manufacturing labor $ 1,062,000 $ 1.50 $ Supplies 708,000 1.00 0.30 $ 0.20 88,500 $ 59,000 88,500 121,000 Fixed MOH Supervision Utilities Depreciation 531,000 0.75 566,400 0.80 743,400 1.05 $ 3,610,800 $ 5.10 $ 0.15 44,250 43,000 0.16 47,200 60,000 0.21 61,950 61,950 1.02 $ 300,900 $ 374,450 Turner 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 3,540,000 DLH. The company is able to schedule production uniformly thorughout the year. A total of 73,000 output units requiring 323,000 DLH was produced during May 2017. Manufacturing overhead (MOH) costs incurred for May amounted to $374,450. Print Done Total Requirement Calculate the following amounts for Turner 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).