Steven was working away at his first attempt at variance analysis for his manufacturing company. He filled in variable-and 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: Variable-MOH Fixed-MOH Actual Variable- MOH Cost $16,800 Fixed-MOH Master Budget $26,900 Variable-MOH Flexible Budget $15,600 Applied Fixed- MOH Cost $26,750 Flexible budget fixed-MOH cost: $26,900 Applied Variable- MOH Cost Actual Fixed- MOH Cost $24,200 $15,600 Steven 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: $15,850

Steven was working away at his first attempt at variance analysis for his manufacturing company. He filled in variable-ano 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: Steven 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: $15,850 Flexible budget fuxed-MOH cost $26,900 Using the same framework, determine the fixed-MOH price and volume variances. Was fixed-MOH under-or overapplied this year? By how much