A furniture manufacturer uses a standard costing system in which standard machine-hours (MHs) is the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below:

Denominator level of activity 1,400MHs

Overhead costs at the denominator activity level:

Variable overhead cost$ 12,040

Fixed overhead cost$ 17,360

The following data pertain to operations for the most recent period:

Actual hours 1,300MHs

Standard hours allowed for the actual output1,440 MHs

Actual total variable manufacturing overhead cost$ 11,440

Actual total fixed manufacturing overhead cost$ 18,560

The fixed manufacturing overhead volume variance for the period is closest to: