Fahmy's Corporation manufactured 25,000 grooming kits for horses during March. The fixed-overhead cost allocation rate is $20.00 per machine-hour. The following fixed overhead data pertain to March:

What is the fixed overhead rate variance? Round to the nearest dollar.

\begin{tabular}{lcc} & Actual & Static Budget \\ Production & 25,000 units & 24,000 units \\ Machine-hours & 7,100 hours & 6,900 hours \\ Fixed overhead costs for March & $123,000 & $138,000 \end{tabular}