Kiko Company uses a two-way analysis of overhead variances. Selected data for the January production activity are as fo Actual variable OH incurred... Variable OH rate per MH. Standard MHs allowed Actual MHs... P196,000 P6 33000 32000 Assuming that budgeted fixed overhead costs are equal to actual fixed costs, the controllable variance for January is Select the correct response: P2,000 F P6,000 F P4,000 U P4,000 F E