Hailey manufactures one product, and the entire product is sold as soon as it is produced. There is no opening or closing inventories and work in progress is negligible. The company operates a standard costing system and analysis of variances is made every month. The standard cost card for the product, George, is as follows: Standard S per unit Sales price 20 Costs: Material 0.50 kg @ $4 per kg 2.00 Labour 2 hours @ $ 2 per hour 4.00 Variable overheads 2 hours @ $0.30 per hour 0.60 Fixed overheads 2 hours @ 3.70 per hour 7.40 Standard cost of production 14 Standard profit per unit 6 Budgeted (planned) output for the month of June 2018 was 5,100 units. Actual results for June 2018 were as follows: Production of 4,850 units was sold for $95,600. Materials consumed in production amounted to 2,300 kg at a total cost of $9,800. Labour hours paid for amounted to 8,500 hours at a cost of $16,800 but actual operating hours amounted to 8,000 hours. Variable overheads amounted to $2,600. Fixed overheads amounted to $42,300. Required: Calculate Fixed overhead Expenditure variance