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