The Singapore division of a Canadian telecommunications company uses standard costing for its labor-based production of telephone equipment. Data regarding production during 2013 are as follows:
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Variable manufacturing overhead costs incurred
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$618,840
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Standard variable manufacturing overhead cost rate (price)
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$8 per standard labor hour
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Fixed manufacturing overhead costs incurred
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$145,790
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Fixed manufacturing overhead costs budgeted
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$144,000
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Denominator activity in direct labor hours
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72,000
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Standard direct labor hours allowed per unit of output
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1.2
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Units of product produced in 2013
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65,500
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Actual direct labor hours used in 2013
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76,400
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Beginning and ending work-in-process inventory
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0
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What is the fixed overhead volume variance for 2013? If the variance is favorable, enter a capital F after your number with a space between the number and the F (i.e., 10,000 F). If the variance is unfavorable, enter a capital U after your number with a space between the number and the U (i.e., 10,000 U). Do not use decimals in your answer.