Merkt Merchandise planned to produce 40,000 fleece jackets in its Metairie, Louisiana, factory. Fixed overhead costs for
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Merkt Merchandise planned to produce 40,000 fleece jackets in its Metairie, Louisiana, factory. Fixed overhead costs for the factory were budgeted to be $520,000. The company actually spent $534,000 on fixed overhead and produced 38,000 jackets.
Required
Calculate the fixed overhead spending variance.
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