Balmediano Company Balmediano Company uses a standard cost system for its production process and applies overhead based on direct labor hours. The following information is available for August when Balmediano made 4,500 units: Standard: DLH per unit 2.50 Variable overhead per DLH P1.75 Fixed overhead per DLH P3.10 Budgeted variable overhead P21,875 Budgeted fixed overhead. P38,750 Actual: Direct labor hours 10,000 Variable overhead P26,250 Fixed overhead \ P38,000