The data below relate to the month of April 2012 for Tim, Inc. which uses a standards cost system: Actual direct labor cost Actual hours used Standard hours allowed for good out put Direct labor rate variance - debit Actual total overhead Budgeted fixed cost P43,400 14,000 15,000 1,400 32,000 9,000 12,000 2.25 7. 8. 9. "Normal" activity in hours Total application rate per standard direct-labor hour Tim uses a two-way analysis of overhead variance (controllable and volume). What was Tim's direct labor usage (efficiency) variance for April 2012? a. P3,000 favorable b. P3,000 unfavorable c. P3,200 favorable d. P3,200 unfavorable What was Tim's budget (controllable) variance for April 2012? a. P500 favorable b. P500 unfavorable What was Tim's volume variance for April 2012? a. P500 favorable b. P500 unfavorable c. P2,250 favorable d. P2,250 unfavorable c. P2,250 favorable d. P2,250 unfavorable