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What is the overall overhead variance

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Question - Wilms, Inc. uses a standard cost system. Overhead cost information for product A for the month of November is as follows:

Total actual overhead incurred, P12,600

Fixed overhead budgeted, P3,300

Total standard overhead rate per direct labor, P4.00

Variable overhead rate per direct labor hour, P3.00

Standard hours allocated for actual production, 3,500

Required - What is the overall (or net) overhead variance?

a. P1,400 unfavorable

b. P1,400 favorable

c. P1,200 unfavorable

d. P1,200 favorable

Reference no: EM133067474

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