Swifty 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, Swifty used $3,780$ DL hours in the process of making $3,500$ tents. The company had originally planned to produce

and sell $3,200$ tents with budgeted fixed$-$MOH cost of $$17,600.$ Its actual fixed$-$MOH costs amounted to $$17,086$ for the year.

$($a$)$

Determine Swifty'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