Wilson Products uses standard costing. It allocates

* More Info sting. It allocat the basis of sta and 1/12 of the mal information 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 schedule 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 $355,800. werhead costs hours per unit Print Done 4 OK efd ncy 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 1,008,000 $ 1.50 $ 0.30 $ 84,000 $ 84,000 Supplies 672,000 1.00 0.20 56,000 117,000 Fixed MOH Supervision 571,200 0.85 0.17 47,600 41,000 Utilities 369,600 0.55 0.11 30,800 55,000 705,600 1.05 0.21 58,800 58,800 Depreciation $ 3,326,400 S 4.95 $ 0.99 $ 277,200 S 355,800 Total MOH nu 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 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. Actual input Actual costs Flexible Allocated incurred budgeted rate budget overhead Variable MOH Actual costs Flexible Allocated incurred budotedate budget overhead Variable MOH Next complete the table for fixed MOH. Same budgeted lump sum Actual costs regardless of Flexible Allocated Incurred output level budget overhead Fixed MOH Now calculate the remaining listed amounts for Wilson Products for May 217. 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