Gummy Worms budgeted $400,000 for fixed factory overhead, which was 100% of capacity. We budgeted production was 10,000 units, also at 100% capacity. At standard, we estimate needed 5 direct labor hours / unit. The variable overhead rate budgeted was $6 / hour. Actual fixed overhead was $400,000 and actual variable overhead was $200,000. Actual production was 10,500 units.

Using the above, calculated the fixed factory overhead volume variance: (Make sure to note if the variance is favorable or unfavorable):