Assume that a company uses a standard cost system and applies overhead to production based on direct labor-hours. It provided the following excerpt from the standard cost card of its only product Fixed manufacturing overhead Standard Hours 2 hours Standard Rate $ 6.00 per hour Standard Cost $ 12.00 During the most recent period, the following additional information was available: The total actual fixed overhead cost was $275,000. The budgeted amount of fixed overhead cost was $285,000. 46,000 direct labor-hours were actually used to produce 24,250 units. How much was the fixed overhead volume variance?