Questions 46 thru 48 are based on the following information. Edney Company employs standard absorption system for product costing. The standard cost of its product is as follows: Raw materials P14.50 Direct labor (2 DLH x P8) 16.00 Manufacturing overhead (2 DLH x P11) 22.00 The manufacturing overhead rate is based upon a normal activity level of 600,000 direct labor hours. Edney planned to produce 25,000 units each month during the year. The budgeted annual manufacturing overhead is Variable P3,600,000 Fixed 3,000,000 During November, Edney produced 26,000 units. Edney used 53,500 direct labor hours in November at a cost of P433,350. Actual manufacturing overhead for the month was P260,000 fixed and 315,000 variable. The total manufacturing overhead applied during November was P572,000. 46. The variable manufacturing overhead variances for November are A. B. C. D. Spending P9,000 U P6,000 F P4,000 U P 9,000 F Efficiency P3,000 U P9,000 U P1,000 F P12,000 U 47. The fixed manufacturing overhead variances for November are