The following information is available for the Danske Company Denominator hours for May Actual hours worked during May Standard hours allowed for May Flexible budget fixed overhead cost Actual fixed overhead costs for May 24,000 21,200 15,600 $72,000 $76,800 Danske Company had total underapplied overhead of $24,000. Additional information is as follows: Variable Overhead: Applied based on standard direct labor hours allowed Budgeted based on standard direct labor hours $60,000 47,000 Fixed Overhead: Applied based on standard direct labor hours allowed Budgeted based on standard direct labor hours $48,000 36,000 What is the fixed overhead price (spending) variance for May