1. The following information was taken from the annual manufacturing overhead cost budget of SCM Company

Variable manufacturing overhead costs P46,200 Fixed manufacturing overhead costs P27.720 Normal production level in labor hours 23.100 Normal production level in units 5.775 Standard labor hours per unit 4 During the year, 5,600 units were produced, 18,340 hours were worked, and the actual manufacturing overhead was P75,600. Actual fixed manufacturing overhead costs equaled budgeted fixed manufacturing overhead costs. Overhead is applied on the basis of direct labor hours. The controllable overhead variance is