Turner Products uses standard costing. It allocates manufacturing overhead (both variable and fixed) to products on...

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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: EE (Click the icon to view the data.) Read the requirement. i More Info Turner Products develops its manufacturing overhead rate from the current annual budget. The manufacturing overhead budget for 2017 is based on budgeted output of 684,000 units, requiring 4,104,000 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 $327,860. i Data Table Annual Manufacturing Overhead Budget 2017 Per Total Output Amount Unit Per DLH Monthly Input MOH Budget Unit Actual MOH Costs for May 2017 May 2017 X Print Done Variable MOH Indirect manufacturing For Items 2 through 5, complete the following tables before calculating the remaining am labor $ Actual input Supplies 410,400 $ 0.60 $ 1,231,200 1.80 0.10 $ 0.30 34,200 $ 102,600 34.200 117.000 Actual costs X incurred budgeted rate Flexible budget Fixed MOH Variable MOH Supervision Utilities 492,480 0.72 0.12 41,040 41,000 451.440 0.66 0.11 37,620 57,000 943.920 1.38 0.23 78,660 78.660 Next complete the table for fixed MOH. Depreciation $ 3.529.440 $ 5.16 $ 0.86 $ 294,120 $ 327,860 Total Actual costs Same budgeted lump sum regardless of Flexible Print Done 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. Variable MOH Actual input Actual costs X Flexible Allocated incurred budgeted rate budget overhead Next complete the table for fixed MOH. Same budgeted Actual costs lump sum regardless of Flexible Allocated incurred output level budget overhead Fixed MOH Now calculate the remaining listed amounts for Turner Products for May 2017. 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 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: EE (Click the icon to view the data.) Read the requirement. i More Info Turner Products develops its manufacturing overhead rate from the current annual budget. The manufacturing overhead budget for 2017 is based on budgeted output of 684,000 units, requiring 4,104,000 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 $327,860. i Data Table Annual Manufacturing Overhead Budget 2017 Per Total Output Amount Unit Per DLH Monthly Input MOH Budget Unit Actual MOH Costs for May 2017 May 2017 X Print Done Variable MOH Indirect manufacturing For Items 2 through 5, complete the following tables before calculating the remaining am labor $ Actual input Supplies 410,400 $ 0.60 $ 1,231,200 1.80 0.10 $ 0.30 34,200 $ 102,600 34.200 117.000 Actual costs X incurred budgeted rate Flexible budget Fixed MOH Variable MOH Supervision Utilities 492,480 0.72 0.12 41,040 41,000 451.440 0.66 0.11 37,620 57,000 943.920 1.38 0.23 78,660 78.660 Next complete the table for fixed MOH. Depreciation $ 3.529.440 $ 5.16 $ 0.86 $ 294,120 $ 327,860 Total Actual costs Same budgeted lump sum regardless of Flexible Print Done 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. Variable MOH Actual input Actual costs X Flexible Allocated incurred budgeted rate budget overhead Next complete the table for fixed MOH. Same budgeted Actual costs lump sum regardless of Flexible Allocated incurred output level budget overhead Fixed MOH Now calculate the remaining listed amounts for Turner Products for May 2017. 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