HL Company employs standard absorption system for product costing. The standard cost of this product is as follows:

Raw Materials - P14.50;

Direct labor for 2 hours @ P8/hr is P16;

Manufacturing overhead for 2hours @ P11/hr is P22.

The total cost/unit (14.50+16+22) = P52.50.

-The manufacturing overhead rate is based upon normal annual activity level of 600,000 direct labor hours.

-The company planned to produce 25,000 units each month during 2020. Budgeted factory overhead for 2020 is composed of P3,600,000 variable and P3,000,000 fixed.

-During April 2021, 26,000 units of product were produced using 53,500 direct labor hours at a cost of P433,350.

-Actual manufacturing overhead for the month was P260,000 fixed and P315,000 variable.

-The total manufacturing overhead applied during April was P572,000.

QUESTIONS

1. The variable overhead spending variance must be: ( Ex. 12345 unfavorable)
2. Using HL Company data, the variable overhead efficiency variance must be ( Ex. 12345 unfavorable)
3. the fixed overhead spending (budget) variance must be ( Ex. 12345 unfavorable)
4. fixed overhead volume variance must be? ( Ex. 12345 unfavorable)
5. the total variance related to efficiency of production operations must be: ( Ex. 12345 unfavorable)