Jaune Company uses a standard cost system in which it applies manufacturing overhead to units of product on the basis of standard direct labor-hours (DLHs). The following data pertain to last month's operations:

Budgeted fixed manufacturing overhead costs $5,000

Actual fixed manufacturing overhead costs $5,500

Standard hours allowed for output 2,400 DLHs

Predetermined overhead rate ($2 variable + $3 fixed) $5 per DLH

The fixed manufacturing overhead budget variance is: