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: : (Click the icon to view the data.) Read the requirement, X Begin by computing the budgeted hours per unit. Determine the formula, then compute the amount Data Table Budgeted hours per unit Now calculate the total manufacturing overhead (MOH) costs allocated. Determine the formula, then complete the calculation Actual MOH Annual Manufacturing Overhead Budget 2017 Per Per DLH Monthly Total Output Input MOH Budget Amount Unit Unit May 2017 Total MOH costs allocated Costs for May 2017 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 0.10 $ 403,200 $ 0.60 $ Actual input 33,600 33,600 $ 1,209,600 1.80 0.30 100,800 112,000 Actual costs Flexible Allocated overhead Indirect manufacturing labor $ Supplies Fixed MOH Supervision Utilities incurred budgeted rate budget 564,480 0.84 0.14 47,040 44,000 Variable MOH Next complete the table for fixed MOH. 604.800 1,048,320 0.90 1.56 0.15 0.26 50,400 87,360 62,000 87,360 Depreciation Total $ 3,830,400 $ 5.70 $ 0.95 $ 319,200 $ 338,960 Same budgeted lump sum regardless of output level Actual costs Flexible Allocated More Info - X 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). 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 4,032,000 DLH. The company is able to schedule production uniformly thorughout the year. A total of 67,000 output units requiring 325,000 DLH was produced during May 2017 Manufacturing overhead (MOH) costs incurred for May amounted to $338,960. 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