Information on Reng Company's overhead costs for January production activity is as follows: Budgeted fixed overhead P75,000 Standard fixed overhead rate per direct-labor hour P3 Standard variable overhead rate per direct-labor hour P6 Standard direct-labor hours allowed for actual production 24,000 Actual total overhead incurred P220,000 Reng has a standard absorption and flexible budgeting system and uses the two variance method (two-way analysis) for overhead variance. The volume (denominator) variance for January is: A. P4,000 unfavorable B. P4,000 favorable C. P3,000 favorable D. P3,000 unfavorable