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Sheridan Industries produces a cleaning product that works for the peskiest stains. It's pricey, but less expensive than hiring a professional cleaning service. The managers

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Sheridan Industries produces a cleaning product that works for the peskiest stains. It's pricey, but less expensive than hiring a professional cleaning service. The managers at Sheridan are conducting variance analysis at the end of January. the first month of the new fiscal year. Budgeted fixed-MOH costs for the year were $2,352,000. The company's standards for one gallon of cleaning solution are as follows, along with actual information for the month. Actual results for January: - 24,000 gallons were actually produced. - Cost of DM purchased was $249,750 for 13,500 gallons of solution. - DM used in production was 11,760 gallons. - Cost of DL was \$116,064 for 7,440 DL hours worked. - Variable-MOH cost was $118,440 for 50,400 machine hours used. - Fixed-MOH cost was $211,680. Determine the fixed-MOH price and volume variances for the month. Fixed-MOH price variance Fixed MOH volume variance

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