The Six-C Corporation uses a standard costing system in which variable factory overhead is assigned to production on the basis of the number of machine setups

The Six-C Corporation uses a standard costing system in which variable factory overhead is assigned to production on the basis of the number of machine setups. The following data pertain to one month's operations: Manufacturing overhead cost incurred - P70,000; Total Variable Overhead variance - P4,550 favorable; Standard machine setups allowed for actual production -3,550; Actual machine setups incurred - 3,500.

WHAT IS THE:

A. STANDARD VARIABLE OVERHEAD RATE PER MACHINE SETUP

B. VARIABLE OVERHEAD SPENDING VARIANCE