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: 10,800 Actual fixed overhead incurred: $770,000 Standard fixed overhead rate: $16 per hour Budgeted fixed overhead: $733,000 Planned level of machine-hour activity: 45,000 If Approach estimates four hours to manufacture a completed unit, the company's fixed-overhead volume variance would be: