Overhead Application, Fixed and Variable Overhead Variances

Kojima Company is planning to produce 2,400,000 power drills for the coming year. The company uses direct labour hours to assign overhead to products. Each drill requires 0.8 standard hour of labour for completion. The total budgeted overhead was $1,982,300. The total fixed overhead budgeted for the coming year is $1,327,000. Predetermined overhead rates are calculated using expected production, measured in direct labour hours. Actual results for the year are:

Actual production (units)	2,570,000	Actual variable overhead	$643,900
Actual direct labour hours (AH)	1,536,800	Actual fixed overhead	$1,350,000

Required:

Calculate the fixed overhead spending variance. Do not round intermediate calculations. If required, round final answer to the nearest dollar.