Ranger Sportswear planned to produce 40 000 fleece jackets in its
Ranger Sportswear planned to produce 40,000 fleece jackets in its Metairie, Louisiana factory. Fixed overhead costs for the factory were budgeted to be $500,000. The company actually spent $485,000 on fixed overhead and produced 38,000 jackets.

Required

Calculate the fixed overhead spending variance.

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