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Dellarocco Incorporated makes a single producta cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to

Dellarocco Incorporated makes a single producta cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below:

Budgeted fixed manufacturing overhead $ 355,740
Budgeted hours 49,000 labor-hours
Actual fixed manufacturing overhead $ 372,740
Actual hours 45,600 labor-hours
The fixed overhead budget variance is:

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