Justine Company budgeted total variable overhead costs at P180,000 for the current period. In addition, they budgeted costs for factory rent at P215,000, costs for depreciation of office equipment at...

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Extracted text: Justine Company budgeted total variable overhead costs at P180,000 for the current period. In addition, they budgeted costs for factory rent at P215,000, costs for depreciation of office equipment at P12,000 costs for office rent at P92,000, and costs for depreciation of factory equipment at P 38,000. All these costs were based upon estimated machine hours of 80,000. At the end of the period, the Factory Overhead control account had a balance of P 387,875. Actual machine hours were 74,000. 12. What was the over or underapllied factory overhead for the period? а. Р 12,650 overapplied b. P 12,650 underapplied c.. P 108,850 overapplied d.. P 108,850,underapplied