3. 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 P8.20 Budgeted annual fixed and administrative expenses P200,000 Direct labor 4.50 Total Capital employed 800,000 Variable overhead 2.30 Expected rate of return Fixed overhead $2.00 on investment 30% Standard Product cost P17.00 Variable selling & adm. P2.50 Required: a. Compute the expected selling price b. Compute the expect selling price if customers are entitled to a 3% sales discount.