XYZ co. provides the following production data: Total standard overhead cost per unit of product: 4...

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XYZ co. provides the following production data: Total standard overhead cost per unit of product: 4 hours at P3.00 per hour = P12.00 per unit Budgeted Factory Overhead Normal Production Actual Production Actual Hours Actual Factory Overhead incurred (75% fixed) P 20,000 2,500 units 2,000 units 7,500 units P 26,000 REQUIREMENT: Determine the following and identify if favorable or unfavorable. 1. Budgeted factory overhead = P_ 2. Standard factory overhead = P_ 3. Budgeted FOH based on actual hours = P_ 4. Budgeted FOH based on standard hours = P_ 5. Total factory overhead variance = P_; Favorable or Unfavorable? 6. Variable factory overhead variance = P_ 7. Fixed factory overhead variance = P ;Favorable or Unfavorable? ;Favorable or Unfavorable? 8. Controllable variance = P ; Favorable or Unfavorable? 9. Volume variance = P ;Favorable or Unfavorable? ; Favorable or Unfavorable? ; Favorable or Unfavorable? ;Favorable or Unfavorable? ; Favorable or Unfavorable? 10. Spending variance = P_ 11. Variable efficiency variance = P_ 12. Variable spending variance = P_ 13. Fixed spending variance = P_ 14. Budget (flexible) variance (2-way) = P_ 15. Budget (flexible) variance (3-way) = P_ 16. Variable controllable variance = P 17. Fixed controllable variance = P_ 18. Fixed volume variance = P_ 19. Variable FOH variance = P_ 20. Fixed FOH variance = P_ 21. Idle capacity variance = P_ 22. Fixed efficiency variance = P_ ; Favorable or Unfavorable? ;Favorable or Unfavorable? ; Favorable or Unfavorable? ; Favorable or Unfavorable? ;Favorable or Unfavorable? ; Favorable or Unfavorable? ; Favorable or Unfavorable? ; Favorable or Unfavorable? ; Favorable or Unfavorable? XYZ co. provides the following production data: Total standard overhead cost per unit of product: 4 hours at P3.00 per hour = P12.00 per unit Budgeted Factory Overhead Normal Production Actual Production Actual Hours Actual Factory Overhead incurred (75% fixed) P 20,000 2,500 units 2,000 units 7,500 units P 26,000 REQUIREMENT: Determine the following and identify if favorable or unfavorable. 1. Budgeted factory overhead = P_ 2. Standard factory overhead = P_ 3. Budgeted FOH based on actual hours = P_ 4. Budgeted FOH based on standard hours = P_ 5. Total factory overhead variance = P_; Favorable or Unfavorable? 6. Variable factory overhead variance = P_ 7. Fixed factory overhead variance = P ;Favorable or Unfavorable? ;Favorable or Unfavorable? 8. Controllable variance = P ; Favorable or Unfavorable? 9. Volume variance = P ;Favorable or Unfavorable? ; Favorable or Unfavorable? ; Favorable or Unfavorable? ;Favorable or Unfavorable? ; Favorable or Unfavorable? 10. Spending variance = P_ 11. Variable efficiency variance = P_ 12. Variable spending variance = P_ 13. Fixed spending variance = P_ 14. Budget (flexible) variance (2-way) = P_ 15. Budget (flexible) variance (3-way) = P_ 16. Variable controllable variance = P 17. Fixed controllable variance = P_ 18. Fixed volume variance = P_ 19. Variable FOH variance = P_ 20. Fixed FOH variance = P_ 21. Idle capacity variance = P_ 22. Fixed efficiency variance = P_ ; Favorable or Unfavorable? ;Favorable or Unfavorable? ; Favorable or Unfavorable? ; Favorable or Unfavorable? ;Favorable or Unfavorable? ; Favorable or Unfavorable? ; Favorable or Unfavorable? ; Favorable or Unfavorable? ; Favorable or Unfavorable?