The hospital CFO was reviewing the December 2016 monthly operations report for the Emergency Department and noticed that total labor expense compared to budgeted seemed high. He wanted to understand how much of the variance related to price and how much of the variance related to volume based on the following information:

Actual Hourly Rate for December = $46.25; Budgeted Hourly Rate for December = $34.00

Total Hours worked in December = 500; Budgeted Hours worked in December = 650

Total Labor Expense in December Actual = $23,125 (Actual Hourly Rate X Actual Hours worked)

Total Labor Expense Budgeted in December = $22,100 (Budgeted Hourly Rate X Budgeted Hours worked)

What is the Favorable Volume variance for December in terms of dollars?