The standard overhead cost for a product manufactured by SCOMAN1 Corporation is given below: Variable overhead 2hrs@P10/hr Fixed overhead 2hrs@P5/hr Total Standard overhead rate PER UNIT P 20 10 P 30 The company produced 23,000 units and worked 50,000 actual direct labor hours. Overhead is applied to production on the basis of direct labor hours. The company's normal capacity is 30,000 units or 60,000 hours (i.e.,30,000 units x 2 hrs). Actual variable overhead is P517,500 and actual fixed overhead is P500,000.