Ichigo Company has the following information for the third quarter of 2020: Actual total overhead (fixed plus variable) Php 374,850 Budget Formula Php 231,000 plus Php 1.20 per hour Php 16,800 UF Spending Variance (3-way analysis) Volume Variance (2-way analysis) Overall factory overhead variance Php 10,500 F Php 12,600 UF Determine the standard hours needed for the third quarter. 120,750 hours 133,350 hours 111,125 hours 100,625 hours