H&B Inc. uses a standard cost system and calculates their application rates using direct labour hours. The budgeted production for the year is 17,000 units. This year the company had the following standards: Standard direct labour hours per unit: 2 hours Variable overhead application rate: $5 per direct labour hour Fixed overhead application rate: $7 per direct labour hour The company also had the following actuals: Production: 17,000 units Variable overhead: $195,840 Fixed overhead: $271,320 Total direct labour hours: 40,800 What is the fixed overhead spending variance?