Neptune Incorporated 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	26,000
Actual total factory overhead costs incurred	$ 65,500
Budgeted fixed factory overhead costs	$ 11,400
Denominator activity level, in direct labor hours (DLHs)	20,000
Total factory overhead application rate per standard DLH	$ 2.70

The fixed overhead production volume variance in April for Neptune, Incorporated was: (Round your intermediate calculation to 2 decimal places.) PLEASE SHOW ALL WORK AND STEPS. THANK YOU

Multiple Choice

• $2,300 favorable.

• $2,200 unfavorable.

• $3,420 favorable.

• $3,240 favorable.

• $4,460 favorable.