It was the end of the first quarter, and Elizabeth was evaluating the company's manufacturing overhead cost situation. She recalled the heated discussions during the budget meetings at the end of the prior year as managers thoroughly considered their options. The resulting annual budgeted variable- MOH cost of $40,600 and budgeted fixed-MOH cost of $49,300 support a planned volume of 5,800 units. Standards were also set at that time for the cost driver, machine hours, where each unit should use 1.25 machine hours. At the end of this first quarter, the company had used 1,920 machine hours in its production of 1,500 units. Actual variable-MOH costs incurred thus far were $9,984, and total fixed-MOH costs thus far totaled $11,904. Determine the variable-MOH price and efficiency variances as of the end of the first quarter. Variable-MOH price variance $ Variable-MOH efficiency variance $