Hazel owns a fruit smoothie shop at the local mall. The budgeted monthly fixed overhead costs consist of the store lease payment ($1,800), advertising ($300) equipment depreciation ($145) and store Wi-Fi ($120). Actual fixed overhead expenses for June were $2,540. When calculating the fixed overhead rate, Hazel anticipated selling 5,150 smoothies during each summer month. She actually sold 5,400 in June. 1. 2. What is the fixed overhead budget variance for the month of June? Is the variance favorable or unfavorable? Will Hazel's fixed overhead volume variance for the month of June be favorable or unfavorable? Explain 1. What is the fixed overhead budget variance for the month of June? Is the variance favorable or unfavorable? Determine the formula for the fixed overhead budget variance, then compute the variance. (Enter the variance as a positive number. Label the variance as favoral (F) or unfavorable (U).) Fixed MOH budget variance 2. Will Hazel's fixed overhead volume variance for the month of June be favorable or unfavorable? Explain. than anticipated, the fixed overhead volume variance will be By producing at a Hazel