I'm John was working away at his first attempt at variance analysis for his manufacturing company. He filled in variable-and fixed-MOH costs where he saw fit, before actually calculating the related price, efficiency, and volume variances. Since he was focusing on the overhead costs specifically, he made note of the allocation base being used, machine hours. Here is his work so far: Variable-MOH Fixed-MOH Actual Variable- MOH Cost $16,850 Fixed-MOH Master Budget $26,900 Variable-MOH Flexible Budget $15,400 Applied Fixed- MOH Cost Flexible budget fixed-MOH cost: $26,900 $26,800 Applied Variable- MOH Cost $15,400 Actual Fixed- MOH Cost $23,950 John isn't sure if he put the right costs in the right places. There were also a couple of costs that he didn't include, because he wasn't sure if they belonged, as follows. Actual machine hours @budgeted variable-MOH rate: $15,950

John was working away at his first attempt at variance analysis for his manufacturing company. He filled in variable-and fixed-MOH costs where he saw fit, before actually calculating the related price, efficlency, and volume variances. Since he was focusing on the overhead costs specifically, he made note of the allocation base being used, machine hours. Here is his work so far: John isn't sure if he put the right costs in the right places. There were also a couple of costs that he didn't include, because he wasn't sure if they belonged, as follows. Actual machine hours Q budgeted variable- MOH rate: $15,950 Flexible budget fixed-MOH cost $26,900 Using your corrected framework from part (a), determine the variable- MOH price and efficiency variances. Was variable-MOH under-or overapplied this year? By how much