WHAT IS THE DETAILED SOLUTION?

The next two questions are based on the following: IU Corporation is a manufacturer of umbrellas and is reviewing its planning (static) budget prepared at the beginning of June and actual results for the month of June. The company collected the following cost data: Budgeted Actual 1 Price per unit Number of unit kold: 10 Variable cosi per unit $ 10 3 2 units 6213 Total fixed cost for the month $ 20 - Revenue va iance for June 10 Favorable Spending variance for operating income for June $ 6 Favorable ( 15 Compute the company's budgeted fixed cost for June. $14 $24 $26 $44 E. None of the above. 16 Compute the company's activity variance for operating income. $30 Favorable $30 Unfavorable $15 Favorable $15 Unfavorable . None of the above