It was the end of the first quarter, and Sarah was evaluating the companys 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 $38,750 and budgeted fixed-MOH cost of $55,800 support a planned volume of 6,200 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 2,048 machine hours in its production of 1,600 units. Actual variable-MOH costs incurred thus far were $9,523, and total fixed-MOH costs thus far totaled $13,312.

- Your answer is partially correct. Determine the fixed- MOH price and volume variances for this first quarter. Fixed- MOH price variance $ Fixed- MOH volume variance $