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: Fixed Variable $14,000 Total budgeted overhead (at the denominator level of activity) Total applied overhead Total actual overhead $15,400 $15,700 $28,600 $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 $1,400 Unfavorable $300 Unfavorable $300 Favorable $1,700 Favorable 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: Fixed Variable $14,000 Total budgeted overhead (at the denominator level of activity) Total applied overhead Total actual overhead $15,400 $15,700 $28,600 $31.800 The actual machine-hours incurred were 2,300. VMOH Efficiency Variance was $700 Unfavorable. What was Maxima's FMOH Volume Variance? Multiple Choice 0 $5,800 Favorable 0 $2,600 Unfavorable 0 $5,800 Unfavorable 0 $2,600 Favorable