Sigmo Company, which uses a standard cost system, budgeted $808,000 of fixed overhead when 58,000 machine hours were anticipated. Other data for the period were: Actual units produced: 12,300 Actual machine hours worked: 59,800 Actual variable overhead incurred: $483,000 Actual fixed overhead incurred: $797,300 Standard variable overhead rate per machine hour: $9.00 Standard production time per unit: 5 hours Sigmos fixed-overhead budget variance is: