Maxima Corp. uses a standard cost system with machine-hours as the activity base for both variable and foed manufacturing overhead MOH & 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 $15.400 $15,800 $35,200 $31.800 The actual machine-hours incurred were 2,300. VMOH Efficiency Variance was $700 Unfavorable. What was Maxima's VMOH Spending Variance? Multiple Choice All of the other answers are incorrect o All of the other answers are incorrect. o $1,400 Favorable o $300 Favorable o $400 Unfavorable o O $1,800 Unfavorable