Waterway 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. Direct materials 11 square yards per unit @$4// square yard Direct labor 1.4DL hours per unit @$13//DL hour Variable-MOH 1.4DL hours per unit @$2.00//DL hour Throughout the year, Waterway used 4,453 DL hours in the process of making 3,250 tents. The company had originally planned to produce and sell 3,050 tents. Its actual variable- MOH costs totaled $9,084 for the year. (a) Your answer is partially correct. Determine Waterway's variable-MOH price and efficiency variances. Also identify whether the company's variable-MOH costs were under- or overapplied, and by how much. Variable-MOH price var