The following information was taken from the annual manufacturing overhead cost budget of NUBD Company. Variable manufacturing overhead costs Fixed manufacturing overhead costs Normal production level...

During the year, 5,600 units were produced, 18,340 hours were worked, and the actual manufacturing overhead was P75,600. Actual fixed manufacturing overhead costs equaled budgeted fixed manufacturing overhead costs. Overhead is applied on the basis of direct labor hours.NUBD’s volume overhead variance is

Extracted text: The following information was taken from the annual manufacturing overhead cost budget of NUBD Company. Variable manufacturing overhead costs Fixed manufacturing overhead costs Normal production level in labor hours Normal production level in units Standard labor hours per unit P46,200 P27,720 23,100 5,775 4