Activity 1 Tuxla Products Co. charges factory overhead into production at the rate of P10 per direct labor hour, based on a standard production of 15,000 direct labor hours for 15,000 units; 60% of factory overhead costs are variable. Production data for May and June are: Production.... Units produced... Actual factory overhead. May 12,000 hrs. 12,000 P140,100 June 14,200 hrs. 15,000 P149,300 Require: Compute the following variances and indicate whether each variance is favorable or unfavorable. a. Controllable variance b. Volume variance