Wilson Products uses standard costing. It allocates manufacturing overhead (both variable and fixed) to products on the basis of standard direct manufacturingThe actual costs, compared with the annual budget and 1/12 of the annual budget, are as follow labor-hours (DLH) Ell (Click the icon to view the data.) (Click the icon to view additional information) More Info 1. Calculate total manufacturing overhead costs allocated Begin by computing the budgeted hours per unit Determine the formula, then compute the amount Wilson Products develops its manufacturing overhead rate from the current annual budget. The manufacturing overhead budget for 2017 is based on budgeted output of 672,000 units, requiring 3,360,000 DLH. The company is able to scheduke production uniformly thorughout the year. A total of 72,000 output units requiring 321,000 DLH was produced during May 2017. Manufacturing overhead (MOH) costs incurred for May amounted to 5355,800 Actual DLH Budgeted units 672000 -Budgeted hours per unlt 3360000 Now calculate the total manufacturing overhead (MOH) costs allocated. Determine the formula, then complete the calculation. | x | Budgeted hrs per unit | x Total MOH rate Actual hrs per unit 360000 Total MOH costs allocated 356400 Print Done For items 2 through 5, complete the following tables before calculating the remaining amounts in the requirement. Complete the table for v Actual input Data Table Actual costs Flexible Allocated incurred budgeted rate budget overhead Variable MOH Annual Manufacturing Overhead Budget 2017 Next complete the table for fixed MOH Per Per DLH Monthly Actual MOH Tota Output Input MOH Budget Costs for May 2017 Same budgeted lump sum regardless of output level Amount Unit Unit May 2017 Actual costs Flexible Allocated Indirect manufacturing labor 1,008,000 S 150 S 030 $ 84,000 S 84,000 incurred budget 72,000 100 0 20 56,000 117,000 Fixed MOH Fixed MOH Now calculate the remaining listad amounts for Wilson Products for May 2017. Be sure to identify each variance as favorable (F) or unfavora 571,200 085 369,600 055 705,600 105 0.17 41,000 55,000 68,800 277,200 355,800 47,600 30,800 58,800 2 The varlable manufacturing overhead spending varlance is40500 Ulilities 0 21 47600 3. The fixed manufacturing overhead spending variance is 4. The variable manufacturing overhead efficiency variance is 5 3,326,400 5 495 5 .99 19500F Total