Marine Products Inc.'s budget for the current year includes a budgeted fixed overhead of $200,000: budgeted direct labor hours of 100,000; budgeted units produced 50,000. Unit standards allow 2 direct labor hours for each unit produced; therefore, fixed overhead is applied at the rate of $4 per unit.

Marine Products actual fixed overhead for the current year amounted $204,000 and the company produced 48000 units. Fixed overhead budget variance for the year is?

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