Approach Company, which applies overhead to production on the basis of machine hours, reported the following data for the period just ended:

Actual units produced: 11,900

Actual fixed overhead incurred: $847,000

Standard fixed overhead rate: $16 per hour

Budgeted fixed overhead: $800,000

Planned level of machine-hour activity: 50,000

If Approach estimates four hours to manufacture a completed unit, the company's fixed-overhead volume variance would be: