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). The actual costs, compared with the annual budget and 1/12 of the annual budget, are as follows: El (Click the icon to view the data.) More Info Requirement Wilson Products develops its manufacturing overhead rate from the current annualCalculate the following amounts for Wilson Products for May 2017 for 2017 is based on budgeted out1. Total manufacturing overhead costs allocated 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 21,000 DLH was produced during May 2017 Manufacturing overhead (MOH) costs incurred for May amounted to $355,800 2 Variable manufacturing overhead spending variance 3. Fixed manufacturing overhead spending variance 4. Variable manufacturing overhead ofliciency variance 5. Production-volume variance Be sure to identify each variance as favorable (F) or unfavorable (U) Print Done Print Done Actual input Actual costs Flexible Allocated Annual Manufacturing Overhead Budget 2017 Per Per DLH Monthly Actual MOH Total Output Input MOH Budget Costs for AmountUnit Unit May 2017May 2017 Variable Indirect manufacturing labor S 1,008,000 S Supplies 1.50 S 0.30 S 84,000 S84,000 56,000 672000 100 020 0.20 117,000 Fixed MOH Supervision Utilities Depreciation 41,000 55.000 58 800 s 3.326 400 S 495 s 099 s277200 s 355.800 571 200 085 369 600 055 705,600 105 0.17 0. 11 0 21 47.600 30 800 58.800 Total Print Done une cut to wew the d 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, ther Total MOH costs allocated e t e icoh to view the data Read the requirement 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 Next complete the table for fixed MOH Same budgeted lump sum Actual costs regardless of Flexible budget Allocated overhead incurred output level Fixed MOH Now calculate the remaining listed amounts for Wilson Products for May 2017. Be sure to identifly 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 ptoduction-volume variance is 0 enter any number in the input heds and men continue to the next question rd Type here to search