2. Sport Company expects to produce 150,000 units of Product X during 2024. The sales demand is expected to be 140,000 units. The company provided the following data. Standard Unit Cost: Direct material P9.20 Budgeted annual fixed and administrative expenses P300,000 Direct labor 7.50 Total Capital employed 900,000 Variable overhead 2.30 Expected rate of return Fixed overhead 3.00 on investment 30% Standard Product cost P17.00 Variable selling & adm. P3.50 Required: a. Compute the expected selling price b. Compute the expect selling price if customers are entitled to a 5% sales discount.