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 Variable Fixed Total budgeted overhead (at the denominator level of activity) $14,000 Total applied overhead $15,400 $28,600 Total actual overhead $15,700 $31,800 The actual machine hours incurred were 2,300 VMOH Efficiency Variance was $700 Unfavorable What was Maxima's FMOH Volume Variance

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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 following

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:

	Variable	Fixed
Total budgeted overhead (at the denominator level of activity)	$14,000	?
Total applied overhead	$15,400	$28,600
Total actual overhead	$15,700	$31,800

The actual machine-hours incurred were 2,300. VMOH Efficiency Variance was $700 Unfavorable.

What was Maxima's FMOH Volume Variance?

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