Neptune Inc. uses a standard cost system and has the following information for the most recent month, April:

Actual direct labor hours (DLHs) worked		25,000
Standard DLHs allowed for good output produced this period		16,000
Actual total factory overhead costs incurred	$	58,000
Budgeted fixed factory overhead costs	$	10,400
Denominator activity level, in direct labor hours (DLHs)		12,000
Total factory overhead application rate per standard DLH	$	2.70

The fixed overhead production volume variance in April for Neptune, Inc., to the nearest whole dollar, was: (Round your intermediate calculation to 2 decimal places.

Multiple Choice

• $2,300 unfavorable.

• $2,400 favorable.

• $3,340 favorable.

• $3,520 favorable.

• $4,560 favorable.