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

Actual units produced: $12,000$

Actual fixed overhead incurred: $$750,000$

Standard fixed overhead rate: $$16$ per hour

Budgeted fixed overhead: $$740,000$

Planned level of machine$-$hour activity: $45,000$

If Auditory estimates four hours to manufacture a completed unit, what woukld be the company's fixed$-$overhead budget variance?