As part of her year-end responsibilities, Elizabeth prepared the company's variable costing income statement as follows. She hadn't been able to compare the income to last year's income yet, but she was expecting it to be lower because sales volume was down slightly from the prior year. Still, this year the company managed to produce 7,800 units, which was 600 units more than it had originally budgeted. Elizabeth also included the following detail on her worksheet to support this income statement: variable operating expenses were $2 per unit, and there were no price or efficiency variances within the standard costing system this period. Your answer has been saved. See score details after the due date. Is there a fixed-MOH volume variance hiding somewhere in Elizabeth's variable costing income statement? eTextbook and Media Attempts: 1 of 1 used (b) Your answer has been saved. See score details after the due date. Would there have been a fixed-MOH volume variance under absorption costing for this period for this company? If so, how much would it be, and where would it be reported? (Round budgeted fixed-MOH rate to 2 decimal places, e.g. 15.25 and final answer to 0 decimal places, e.g. 5,125.) (c) Help Elizabeth prepare the same period's income statement but under absorption costing, in good form. The company writes off any standard cost variances directly to COGS. (Round inventory cost per unit to 2 decimal places, e.g. 15.25 and final answer to 0 decimal places, e.g. 5,125.) \begin{tabular}{|c|c|c|c|c|c|c|} \hline Sales & v & & & & $ & \multirow[t]{2}{*}{394200} \\ \hline Less : & COGS & v & & & & \\ \hline \multicolumn{2}{|c|}{ Unadjusted COGS } & & $ & & & \\ \hline \multicolumn{2}{|c|}{ Fixed-MOH Volume Variance V} & & & 4200 & & \\ \hline \multicolumn{2}{|c|}{ Adjusted COGS } & & & & & \\ \hline \multicolumn{2}{|c|}{ Gross Margin } & & & & & \\ \hline Less : & SG\&A Expenses & v & & & & \\ \hline Variable & v & & & 14600 & & \\ \hline Fixed & v & & & 70000 & & \\ \hline Operating I & come & & & & $ & \\ \hline \end{tabular}