The following static budget is provided:

		Per unit		Total
Sales	$	80	$	960,000
Less variable costs:
Manufacturing costs		40		480,000
Selling and administrative costs		20		240,000
Contribution margin	$	20	$	240,000
Less fixed costs:
Manufacturing costs				85,000
Selling and administrative costs				131,000
Total fixed costs				216,000
Net income			$	24,000

What will be the total volume variance (the effect on net income) if 15,000 units are produced and sold?

$300,000 U

$84,000 F

$0 F

$60,000 F