Marine Products Inc's., budget for the current year include budgeted fixed overhead of $200,000; budgeted direct labor hours of 100,000; budgeted units produced of 50,000. Unit standards allow 2 direct labor hours for each unit produced, therefore, fixed overhead is applied at the rate of $4 per unit. Marine Product's actual fixed overhead for the current year amounted to $204,000 and the company produced 48,000 unit.

Marine Products Inc's., fixed overhead budget variance for the year is: