Peter Parker Industries' flexible budget performance report for the last month shows that the actual variable overhead cost was P28,420 and that the variance for variable overhead cost was P3,828 unfavorable. During that month, the company worked 11,600 machine hours, Budgeted activity for the month had been 11,300 machine hours. The cost formula per machine hour for variable overhead cost approximately is? O P2.12 O P2.18 O P2.17 O P2.85Vin Diesel Company uses a standard costing system in which it applies manufacturing overhead to units of product on the basis of standard direct labor-hours. The company's total applied factory overhead was P315,000 last year when the company used 32,000 direct labor hours as it activity base. If the variable factory overhead rate was PB per direct labor hour, and if 30,000 standard labor hours were allowed for the output of that year, then the total budgeted fixed factor overhead for that year must have been