Question: Maxima Corp. uses a standard cost system with machine-hours as the activity base for both variable and fixed manufacturing overhead (VMOH & FMOH). The

Maxima Corp. uses a standard cost system with machine-hours as the activity

o All of the other answers are incorrect. o$1,400 Favorable o$300 Favorable o$400 Unfavorable oO $1,800 Unfavorable

Maxima Corp. uses a standard cost system with machine-hours as the activity base for both variable and fixed manufacturing overhead (VMOH & FMOH). The following information relates to production for last year: Total budgeted overhead (at the denominator level of activity) Total applied overhead Total actual overhead Variable $14,000 Multiple Choice $15,400 $15,800 What was Maxima's VMOH Spending Variance? O The actual machine-hours incurred were 2,300. VMOH Efficiency Variance was $700 Unfavorable. Fixed ? All of the other answers are incorrect. $35,200 $31,800 Next > O All of the other answers are incorrect. $1,400 Favorable $300 Favorable $400 Unfavorable $1,800 Unfavorable

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