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Problem 2 For 2022 Company manufactures and sells coffee and creamer, called Bongbong & Du30. Some data about these two products are as follows: Bongbong Du30 Sales mix ratio 70'?! 30% Selling price P2 Variable cost Total xed cost 27. What is the composite breakeven point in pesos? (Round answer to the nearest peso, e. g. 485,678.74 rounded to 485,679) 28. Determine the required sales in units and in pesos. assuming that the company desires to earn income of IO% of sales? (Answer rounded to the nearest peso) 11. Net income computed using variable costing would exceed net income computed using absorption costing if: a. Unit sold exceed units produced b. Units sold are less than units produced c. Unit sold equal units produced d. The units fixed cost is zero 12. When sales are constant, but the production level fluctuates, net income determined by the absorption costing method will: a. Tend to fluctuate in the same direction as fluctuations in the level of production. b. Tend to remain constant c. Tend to fluctuate inversely with fluctuations in the level of production d. None of these 13. All of the following are inventoried under absorption costing except: a. Direct labor b. Raw materials used in production c. Utilities cost consumed in manufacturing d. Sales commissions 14. The production volume variance occurs when using a. The absorption costing approach because of production exceeding sales b. The absorption costing approach because production differs from that use in setting the fixed overhead rate used in applying fixed overhead in production c. The variable costing approach because of sales exceeding the production for the period d. The variable costing approach because of production exceeding the sales for the period 15. Which of the following must be known about a production process to institute a variable costing system? a. The variable and fixed components of all costs related to production b. The controllable and non-controllable components of all costs related to production c. Standard production rates and times for all elements of production d. Contribution margin and breakeven point for all goods in production