Ryng Corporation used the following data to evaluate their current operating system. The company budgeted and currently sells items for $17 each.

                                                            Actual           Budgeted

       Units sold                                       32299 units            29441 units

       Total variable costs                      $164624                   $148669

       Total fixed costs                           $41897                   $51263

What is the static-budget variance of operating income? (If the variance is unfavourable, present your answer as a negative (e.g., -100), if it is a favourable variance, present as it is (e.g., 100)).