The Following Information Relates to Turpin Manufacturing's Overhead Costs for the Month

Essay

The following information relates to Turpin Manufacturing's overhead costs for the month:
$\begin{array}{|l|l|}\hline\text { Static budget variable overhead } & \$ 14,200 \\\hline \text { Static budget fixed overhead } & \$ 5,600 \\\hline \text { Static budget direct labor hours } & 1,000 \text { hours } \\\hline \text { Static budget number of units } & 5,000 \text { units }\\\hline\end{array}$ Turpin allocates manufacturing overhead to production based on standard direct labor hours.
Turpin reported the following actual results for last month: actual variable overhead,$14,500; actual fixed overhead,$5,400; actual production of 4,700 units at 0.22 direct labor hours per unit.The standard direct labor time is 0.20 direct labor hours per unit.
Compute the fixed overhead cost variance.