The following information is available for Machine Makers Inc. for this last year:

Budgeted Production:	600 units
Standard Direct Labor rate:	$18/hour
Standard Direct Labor usage:	15 hours/unit
Standard Direct Materials price:	$50/part
Standard Direct Materials usage:	12 parts/unit
Standard Variable Overhead rate:	$20/direct labor hour
Budgeted Fixed Costs:	$150,000
Actual Production:	700 units
Actual Direct Labor rate:	$20/hour
Actual Direct Labor Usage:	12 hours/unit (amounts used and purchased are the same)
Actual Direct Materials price:	$45/part
Actual Direct Materials usage:	12.5 parts/unit, accounting for parts damaged in the production process (amounts used and purchased are the same)
Actual Variable Overhead incurred:	$200,000
Actual Fixed Costs:	$150,000

What is the overall Static Budget Variance?