Normal annual capacity for ABC Company is 72,000 units, with fixed factory overhead budgeted at P 33,840 and an estimated variable factory overhead rate for P 4.20 per unit. During October, actual...

Normal annual capacity for ABC Company is 72,000 units, with fixed factory overhead budgeted at P 33,840 and an estimated variable factory overhead rate for P 4.20 per unit. During October, actual production was 5,400 units, with a total overhead of P 15,910.

Required: Compute for the:

1. The idle capacity variance