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1. Given the following data (based on 15,000 units produced and sold per month): direct materials, P8; direct labor, P7; variable overhead, P2; and variable

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1. Given the following data (based on 15,000 units produced and sold per month): direct materials, P8; direct labor, P7; variable overhead, P2; and variable selling, P3. Fixed overhead costs totals P15,000 per month and fixed selling and administrative expenses total P30,000 per month. If the company uses the absorption approach to pricing and desires a 50% mark-up, the target selling price per unit would be a. P34.50 b. P33.50 c. P27.00 d. P23.00 e. None of these; answer is

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