1.Ranger Sportswear planned to produce 49,900 fleece jackets in its Metairie, Louisiana factory. Fixed overhead costs for the factory were budgeted to be $583,000. The company actually spent $570,900 on fixed overhead and produced 47,400 jackets.

Calculate the fixed overhead spending variance.(If variance is zero, select "Not Applicable" and enter 0 for the amounts.)

Fixed overhead spending variance$

Favorable

Not Applicable

Unfavorable

2.Scott Sykes publishes a pilot training course curriculum kit that he sells to flight schools across the country. He prepared the following static budget for the year based on expected sales of 28,500 curriculum kits.

Sales revenue: $3,562,500, Variable cost of goods sold: 1,425,000, Variable selling and administrative expenses: 427,500, Contribution margin: 1,710,000, Fixed manufacturing overhead: 798,000, Fixed selling and administrative expenses: 351,500, Operating income: $560,500

At the end of the year, Scott had sold 29,450 curriculum kits at an average rate of $122 per hour. During the year, he incurred fixed overhead totaling $792,300.

Calculate the fixed overhead spending variance.(If variance is zero, select "Not Applicable" and enter 0 for the amounts.)

Fixed overhead spending variance$

Not Applicable

Favorable

Unfavorable