Jed 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:

Actual Variable$-$MOH Cost

Variable$-$MOH Flexible Budget

Applied Variable$-$MOH Cost

Variable$-$MOH

$$16,800$

$$15,500$

$$15,500$

Fixed$-$MOH Master Budget

Applied Fixed$-$MOH Cost

Actual Fixed$-$MOH Cost

Fixed$-$MOH

$$27,100$

$$26,800$

$$24,200$

Jed 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$

Flexible budget fixed$-$MOH cost: $$27,100$

Required

Determine whether Jed included the appropriate costs in the correct locations for conducting an accurate variance analysis. If things need to be shuffled around, do so$.$ Explain your work.

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?

Using the same framework, determine the fixed$-$MOH price and volume variances. Was fixed$-$MOH under$-$ or overapplied this year? By how much?