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Pitree, In, uses standard cost system. Overhead cost information for product WK for the month of May is as follows:
Total overhead cost incurred P12,600
Fixed overhead budgeted P 3,300
Total standard overhead rate per direct labor hour P4.00
Variable overhead rate per direct labor hours P3.00
Standard hours allowed for actual production 3,500
Question 1: What is the overall overhead variance?
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