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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:
- A. Total
manufacturing overhead costs allocated
Required
- B. Variable manufacturing overhead spending variance
- C. Fixed manufacturing overhead spending variance
- D. Variable manufacturing overhead efficiency variance
- E. Production-volume variance
Be sure to identify each variance as favorable (F) or unfavorable (U).
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