Brave Company produces motorcycle helmets. They budgeted to sell 100,000 helmets for the coming year at a variable cost of \$50 a helmet with budgeted annual fixed costs of \$5,000,000 a year.
Bravo budgets that it will be able to sell their helmets for \$120 each. Actual results for the year were selling price of \$115 a helmet for sales and production of 105,000 helmets, total actual variable costs of \$5,000,000 and total actual fixed costs of \$5,000,500.
What is the flexible budget variance for fixed costs?