Tiger Products, Inc. has a standard costing and flexible budgeting system and uses a two-way analysis of overhead variances. Selected data from April 2017s production activity is as follows:

Budgeted fixed factory overhead costs $64,000

Actual factory overhead incurred $230,000

Variable factor overhead rate per direct labor hour $5

Standard direct labor hours $32,000

Actual direct labor hours $33,000

What is the budget variance?