Sheridan Merchandise planned to produce 45,500 fleece jackets in its Metairie, Louisiana, factory. Fixed overhead costs for the were budgeted to be $593,000. The company actually spent $611,200 on fixed overhead and produced 44,100 jackets. Calculate the fixed overhead spending variance. (If variance is zero, select "Not Applicable" and enter 0 for the amounts.)
Sheridan Merchandise planned to produce 45,500 fleece jackets in its Metairie, Louisiana, factory. Fixed overhead costs for the were budgeted to be $593,000. The company actually spent $611,200 on fixed overhead and produced 44,100 jackets. Calculate the fixed overhead spending variance. (If variance is zero, select "Not Applicable" and enter 0 for the amounts.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Sheridan Merchandise planned to produce 45,500 fleece jackets in its Metairie, Louisiana, factory. Fixed overhead costs for the
were budgeted to be $593,000. The company actually spent $611,200 on fixed overhead and produced 44,100 jackets.
Calculate the fixed overhead spending variance. (If variance is zero, select "Not Applicable" and enter 0 for the amounts.)
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Fixed overhead spending variance
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