Lucky Company sets the following standards for 2003:

Direct labor cost (2 DLH @ P4.50)     P 9.00

Manufacturing overhead (2 DLH @ P7.50) 15.00

Lucky Company plans to produce its only product equally each month. The annual budget for overhead costs are:

Fixed overheadP150,000

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:

Using the preceding data for Lucky Company, the controllable overhead variance was: