TAYLOR Corporation produces ALBUMS. TAYLOR applies Factory overhead based on machine hours. For 2022, TAYLOR budgeted the following: On the month of October, Actual FOH is P161,920 and actual VOH is P342, 400. Actual direct labor hours and machine hours used are 6,720 hours and 34,560 hours respectively. Budgeted direct labor hours and machine hours based on actual production are 6,400 and 33,600 respectively. REQUIRED: Compute for 1. Predetermined factory overhead Rates 2. Total Factory overhead applied for October 3. Overapplied or underapplied Factory Overhead 4. Fixed FOH spending variance 5. Fixed overhead volume variance 6. Factory overhead controllable variance 7. Variable factory overhead variance