Marigold Corp. supplies its customers with high$-$quality canvas tents. These canvas tents sell for $$170$ each, with the following DM

and DL usage and price expectations.

Throughout the year, Marigold used $4,795$ DL hours in the process of making $3,500$ tents. The company had originally planned to

produce and sell $3,250$ tents with budgeted fixed$-$MOH cost of $$18,200.$ Its actual fixed$-$MOH costs amounted to $$17,406$ for the

year.

$($a$)$

Determine Marigold's fixed$-$MOH price and volume variances. Also identify whether the company's fixed$-$MOH costs were

under$-$or overapplied, and by how much.

Fixed$-$MOH price variance $

Fixed$-$MOH volume variance $

Fixed$-$MOH