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Abc Inc. analyzes manufacturing overhead in the production of its only one product, CD. The following set of information applies to the month of May,

Abc Inc. analyzes manufacturing overhead in the production of its only one product, CD. The following set of information applies to the month of May, 2020:

	Budgeted	Actual
Units produced	80,000	76,000
Variable manufacturing OH	P 4/DLH	P32,800
Fixed manufacturing overhead	P20/DLH	P176,000
Direct labor hours	6 min/unit	8,400 hr

What is the fixed overhead spending variance?

P8,000 Favorable

P16,000 Favorable

P8,000 Unfavorable

P16,000 Unfavorable

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