ABC Company produces a single product and uses a standard costing system. ABC Company reported the following information for June: 1. 4,200 units of product were produced during June. 2. The direct material inventory at June 1 consisted of 6,700 pounds of materials. At June 30 , the direct material inventory consisted of 5,900 pounds of materials. 3. During June, 18,700 direct labor hours were worked at a total cost of $286,110. 4. The variable overhead cost incurred during June was $203,500. 5. During June, 26,400 pounds of direct materials were purchased at a cost of $14.10 per pound. 6. The denominator hours for June were 20,000 . The company has established the following standards for each unit of product that is produced: For the month of June, ABC Company reported the following variances: a. Direct material price variance =$22,440 unfavorable b. Direct labor efficiency variance =$33,580 favorable c. Variable overhead spending variance =$5,940 favorable d. Fixed overhead spending variance =$7,000 unfavorable e. Fixed overhead volume variance =$10,900 favorable Calculate the actual fixed overhead cost incurred in June