Sanford Ltd. produces a product with the following standard costs:

	Variable overhead (9 hours)	21.00
	Fixed overhead (9 hours)	39.96

The fixed overhead rate is based on a standard monthly volume of 16413 units.

The actual results for the month of July 20x5 are as follows:

	Variable overhead	320000
	Fixed overhead	568466
	Units produced and sold	15129 units

What is Sanfords fixed overhead volume variance for July 20x5 (note: a negative number represents an unfavourable variance and a positive number represents a favourable variance)?

Select one:

a. $ 0

b. $51309

c. $87397

d. $-51309