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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:

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: 11,200

Actual fixed overhead incurred: $881,000

Standard fixed overhead rate: $12 per hour

Budgeted fixed overhead: $850,000

Planned level of machine-hour activity: 69,000

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

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