Burr Manufacturing produces luxury dog houses. Each dog house requires 1.0 hours of machine time for its elaborate trim and finishing. For the current year, Burr calculated its predetermined fixed manufacturing overhead (MOH) rate to be $25 per machine hour. The company budgets its fixed MOH to be $31,500 per month Last month, Burr produced 1,500 dog houses and incurred $28,400 (actual) of fixed MOH. Read the requirements Requirement 1. Calculate the fixed overhead budget variance. Begin by determining the formula for the fixed overhead budget variance, then compute the variance. (Enter the variance as a positive number. Label the variance as favorable (F) or unfavorable (U).) Fixed MOH Budgeted fixed overhead Actual fixed overhead budget variance 31,500 28.400 = $ 3,100F Requirement 2. Calculate the fixed overhead volume variance. Begin by determining the formula for the fixed overhead volume variance, then compute the variance. (Enter the variance as a positive number. Label the variance as favorable (F) or unfavorable (U).) Fixed MOH volume variance $