During the Period Cash Spinner Produced 2,000 Units of Product

During the period Cash Spinner produced 2,000 units of product. The flexible budget for standard costs is: $\begin{array} { l r } \quad\quad\text { Direct materials } & \$ 43,000 \\\quad\quad\text { Direct labor } & 67,000 \\\quad\quad\text { Variable overhead } & 30,000 \\\quad\quad\text { Fixed overhead } & 25,000 \\\text { Variances for the period are: } & \\\quad\quad\text { Direct materials price } & \$ 400 \mathrm { U } \\\quad\text { Direct materials efficiency } & 500 \mathrm {~F} \\\quad\text { Direct labor price } & 600 \mathrm {~F} \\\quad\text { Direct labor efficiency } & 200 \mathrm { U } \\\quad\text { Variable overhead spending } & 300 \mathrm {~F} \\\quad\text { Variable overhead efficiency } & 100 \mathrm {~F} \\\quad\text { Fixed overhead spending } & 500 \mathrm {~F} \\\quad\text { Fixed overhead production volume } & 1,000 \mathrm { U }\end{array}$

The direct materials inventory increased during the period by 500 (at standard cost) . The budgeted fixed overhead was:

A) $24,000
B) $25,000
C) $24,500
D) $23,000