William 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 27,600 curriculum kits. Sales revenue Variable cost of goods sold Variable selling and administrative expenses Contribution margin Fixed manufacturing overhead Fixed selling and administrative expenses Operating income $3,450,000 1,380,000 414,000 1,656,000 772,800 340,400 $542,800 At the end of the year, William had sold 28,520 curriculum kits at an average price of $118 per kit. During the year, he incurred fixed overhead totaling $767,280. Calculate the fixed overhead spending variance. (If variance is zero, select "Not Applicable" and enter Ofor the amounts.) $ ta Fixed overhead spending variance Favorable