A Flair Company uses a flexible budget system and prepared the following information for 2012: Normal Capacity Maximum Capacity Percent of capacity 80% 100% Direct labor hours 32,000 40,000 Variable factory overhead P64,000 P80,000 Fixed factory overhead 160,000 160,000 Total factory overhead rate per direct labor hour P7 P6 10. Flair operated at 90% of capacity during 2012. The actual factory overhead for 2012 was P252,000. What was the budget (controllable) overhead variance for the year