The Achyboi Candies manufacturer of chewing gum, uses a standard cost system. Standard product and cost specifications for 1,355Ibs of chewing gum are as follows: Materials record the following: As standard, it requires 19 hours worth of conversion time. Actual direct labor cost is at P11,418 at a rate of 3.46. Factory OH is applied on a direct labor hours basis at P4 for fixed and P2 for variable. Historically, 4000 direct labor hours are needed for conversion. Actual measured OH is 22,000 at 200,000lbs output. Calculate SV. This is numerical answer. Do not put peso sign