Maxima Corp. uses a standard cost system with machine hours as the activity base for both variable and fed manufacturing overhead (VMOH & FMOH. The following information relates to production for last year Fixed Variable $14,000 Total budgeted overhead at the denominator level of activity Total applied overhead Total actual overhead $28,600 $15.400 $15.700 The actual machine hours incurred were 2.300 VMOH Efficiency Variance was $700 Unfavorable What was Maxima's VMOH Spending Variance? Multiple Choice o $700 Favorite 2018 Next > What was Maxima's VMOH Spending Variance? Multiple Choice $1700 Favorable All of the other answers are incorrect $300 Unfavorable $300 Favorable 1400 Untavorable Prev 1 of 20 !!! Next > Bearcat company, a merchandising company, started its business at the beginning of the year 2020. The company sets the unit selling price as 120% of the total of cost of goods sold per unit. 40% of the payment for merchandise purchases is made with cash in the month of purchase, and 60% is expected to be paid in the following month. The company maintains at the end of each month an inventory of 30% of the next month's cost of goods sold Budgeted sales for the next three months are as follows: January February March $9.600 $12.000 $16.500 The unit selling price and unit purchase cost do not change for the next three months What is the expected cash disbursement in February for merchandise purchases? O 6.600 O noso 2 20 Next > Multiple Choice $6,600 $1050 $1500 All of the other anwers are incorrect $111215 20 !! Next >