Del Corporation developed the following standard unit costs at normal production capacity, which is 100,000 units: Direct materials Direct labor Variable factory overhead Fixed factory overhead Total P5 4 2 9 P20 The selling price for each unit of product is P35. Variable commercial expenses are P2 per unit. The selling price and the costs of the product have not changed since the company began operations two years ago. Data related to the operations of the company for the past two years follow: 2019 2020 Units actually produced 95,000 106,000 Units sold 90,000 110,000 Fixed commercial expenses P500,000 P550,000 REQUIRED: 1. Prepare a comparative income statement for 2019 and 2020 under the absorption costing method. 2. Prepare a comparative income statement for 2019 and 2020 under the direct costing method. 3. Compute and reconcile the differences in income for the two years under the absorption costing and direct costing methods. At a normal capacity of 25,000 units, the costs and expenses have been budgeted as follows for the Q Company: Direct materials P125,000 Direct labor 75,000 Variable factory overhead 90,000 Variable operating expenses 60,000 Fixed factory overhead 50,000 Fixed operating expenses 30,000 REQUIRED: 1. Determine the target selling price per unit based on the assumption that the mark- up rate is 40% using: a. Absorption cost pricing. b. Variable cost & expenses pricing c. Conversion cost pricing. 2. Compute for the required mark-up percentage if ROI is 25%, also under the three pricing methods in no. 1. Investment in current assets and plant assets is P400,000.