Fletcher Company collected the following data regarding production of one of its products. Compute the fixed overhead variance.

Direct labor standard (2 hours @ $12.90/hour)	$ 25.80	per finished unit
Actual direct labor hours	85,500	hours
Budgeted units	44,000	units
Actual finished units produced	42,000	units
Standard variable OH rate (2 hours @ $17.00/hour)	$ 34.00	per finished unit
Standard fixed OH rate ($373,500/45,000 units)	$ 8.30	per unit
Actual cost of variable overhead costs incurred	$ 1,421,000
Actual cost of fixed overhead costs incurred	$ 376,000

• $24,000 favorable.

• $27,400 unfavorable.

• $24,000 unfavorable.

• $27,400 favorable.

• $17,000 unfavorable.