Universal Company uses a standard cost system and prepared the following budget at normal capacity for the month of January:

Direct labor hours 24,000

Variable manufacturing overhead $48,000

Fixed manufacturing overhead $108,000

Total manufacturing overhead per DLH 6.5

Actual data for January were as follows:

Direct labor hours worked 22,000

Total manufacturing overhead $157,000

Standard DLH allowed for capacity attained 22,500

Using the two-way analysis of overhead variances, what is the budget (controllable) variance for January? Is it favorable or unfavorable?