Bosley Company's direct labor costs are shown below. Calculated the standard and actual direct labor rates: Standard hours allowed 30,000 Actual direct labor hours 29,000 Labor usage variance, favorable $4,000 Labor rate variance favorable $5, 800 Total payroll $110, 200 Tiger Products. Inc. has a standard costing and flexible budgeting system and uses a two-way analysis of overhead variances. Selected data from April 2017's production activity is as follows. Budgeted fixed factory overhead costs $64,000 Actual factory overhead incurred $230,000 Variable factor overhead rate per direct labor hour $5 Standard direct labor hours $32,000 Actual direct labor hours $33,000 What is the budget variance