Actual machine hours		870
Standard machine hours allowed		960
Denominator activity (machine hours)		1,020
Actual fixed overhead costs	$	4,400
Budgeted fixed overhead costs	$	5,100
Predetermined overhead rate ($1 variable + $5 fixed)	$	6

What is the fixed overhead spending (budget) variance?

$700.

$300.

$540.

$450.