Roy Corporation's direct-labor costs for the month of March were as follows: Standard direct-labor hours 42,000 Actual direct-labor hours 40,000 Direct-labor rate variance, favorable P8,400 Standard direct-labor rate per hour P6.50 What was Roy's direct-labor payroll for the month of March? O P243,000 O P244,000 O P251,600 O P260,000