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The management of Brown & Company is analyzing fixed manufacturing overhead variances for the fiscal period just ended. For the period, Brown & Company had

The management of Brown & Company is analyzing fixed manufacturing overhead variances for the fiscal period just ended. For the period, Brown & Company had budgeted $800,000 in fixed manufacturing overhead but had actually incurred $580,000. Also, the standard fixed overhead rate was $20 per machine hour and Brown & Company had allowed for 50,000 machine hours.

What is Brown & Company's fixed overhead budget variance?

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