Refer to M10-9 for LaPaz Company. Calculate LaPaz’s fixed overhead rate and the fixed overhead volume variance.

Data from M10-9

LaPaz Company’s standard fixed overhead rate is based on budgeted fixed manufacturing overhead of \($9,000\) and budgeted production of 30,000 units. Actual results for the month of October reveal that LaPaz produced 28,000 units and spent \($9,200\) on fixed manufacturing overhead costs. Calculate LaPaz’s fixed overhead spending variance.