Standard Company has developed standard manufacturing overhead costs based on a capacity of
180,000 direct labor hours as follows:
Standard overhead costs per unit: 
Variable portion 2 hours @ $3 = $ 6 per unitFixed portion 2 hours @ $5 = $10 per unitThe following data pertain to operations in April:Actual output 80,000 unitsActual direct labor cost $644,000Actual direct labor hours worked 165,000 hoursActual variable overhead cost incurred $518,000Actual fixed overhead cost incurred $860,000The fixed overhead budget variance for April was: (Points : 5) $60,000 favorable$40,000 favorable$60,000 unfavorable$40,000 unfavorable