Direct labor cost [2 DLH @ P4.50] P9.00 Manufacturing overhead [2 DLH @ P7.50] P15.00 Lucky Company plans to produce its only product equally each month. The following is the annual budget for overhead costs: Fixed overhead P150,000 Variable overhead 300,000 Normal activity in direct labor hours 60,000 In March, Lucky Company produced 2,450 units with actual direct labor hours used of 5,050. Actual overhead costs for the month amounted to P37,245 (Fixed overhead is as budgeted.) The amount of overhead volume variance for Lucky Company is OP500 F O P250 F O P250 U O P375 U 0500