The following information relates to given department of Merry Company for the first year:

Actual total factory overhead .............. P178,500

Budget Formula:

Total factory ovehead cost = P110,000 + P.50/hr.

Predetermined factory overhead rate ...... P1.50 per hour

Spending Variance (using three way analysis) ............. P8,000 UF

Volume Variance (using two way analysis) ..... P5,000 F

Required: Calculate the standard hours allowed for good output and actual hours worked in this department.