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). 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 throughout 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. The actual costs, compared with the annual budget and 1/12 of the annual budget, are as follows:

Calculate the following amounts for Wilson Products for May 2017:
Required
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).

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Annual Manufacturing Overhead Budget 2017 Monthly MOH Budget er Actual MOH Output Per DLH Total Amount Costs for May 2017 Unit Input Uni May 2017 Variable MOH Indirect manufacturing abo $1,008,000 $1.50 $0.30 Supplies S 84,000 56,000 S 84,000 117,000 62,000 1.00 0.20 Fixed MOH Supervision Utilities Depreciation 41,000 55,000 88,800 3326400SA95 S099S27 200355 800 71,200 085 369,600 705,600 0.17 0.11 0.21 47,600 30,800 58,800 0.55 1.05 Total