Master Products has the following information for the year just ended: Budget Sales in units15,000; Budgeted Sales P150,000; Budgeted Variable expenses P90,000; Budgeted Fixed expenses P35,000; Budgeted Operating income P25,000. Actual Sales in units 14,000; Actual Sales P147,000; Actual Variable expenses P82,600; Actual Fixed expenses 40,000; Operating income P24,400. The company's sales-price variance is?

P7,000 unfavorable.

P3,000 unfavorable.

P7,500 favorable.

P7,500 unfavorable.

P7,000 favorable.