ris Pty Ltd calculates its predetermined rates using practical volume, which is 325,000 units. The standard cost system allows 3 direct labour hours per unit produced. Overhead is applied using direct labour hours. The total budgeted overhead is $4,260,000, of which $994,000 is fixed overhead. The actual results for the year are as follows: Units produced: Direct labour: 318,000 965,000 hours @ $12/hour $3,302,000 $998,000 Variable overhead: Fixed overhead: Calculate the fixed overhead volume variance. 1) $32,000 U 2) $20,000 F 3) $22,000 F 4) $4,000