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Marigold Corp. supplies its customers with high-quality canvas tents. These canvas tents sell for $170...

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Accounting

Marigold 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, Marigold used 4,795 DL hours in the process of making 3,500 tents. The company had originally planned to
produce and sell 3,250 tents with budgeted fixed-MOH cost of $18,200. Its actual fixed-MOH costs amounted to $17,406 for the
year.
(a)
Determine Marigold'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 $
Fixed-MOH
image

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