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Genie Inc., budgets to spend $144,000 on fixed manufacturing overhead costs each month. The company applies fixed manufacturing overhead to its products at a rate

Genie Inc., budgets to spend $144,000 on fixed manufacturing overhead costs each month. The company applies fixed manufacturing overhead to its products at a rate of $2 per machine hour. In April, the company expected to manufacture 12,000 units using 72,000 machine hours. Actual fixed overhead was $144,220 for the month, and the company actually manufactured 12,500 units. What was the company's fixed overhead spending variance for April?

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