Gerazelle Company produces a product that sells for P900.00. The variable cost is P480 for direct materials, P300 for labor, P85 for variable overhead and P45,000 for fixed overhead. The units sold for the month is 700 units. Required: 1. Compute for the total variable cost 2. Compute the total fixed cost 3. Compute for the BEP (units) 4. Compute for the BEP (peso) 5. Compute for the contribution margin 6. Compute for the contribution margin ratio Lejan Company wants to earn P1,870,000 in net (after-tax) income next year. Wooden cabinet are priced at P3000 each for the coming year. Product costs include: Direct Materials per cabinet P1150 Direct Labor per cabinet P800 Variable overhead per cabinet P45 Total fixed factory overhead P800,000 Variable selling expense is a commission of 5% of price; fixed selling and administrative expense totals P600,000. Lejan Company has a tax rate of 35% Required: 1. Calculate the before-tax profit needed to achieve an after-tax target of P1,900,000 2. Calculate the number of cabinet that will yield operating income calculated in Requirement I above. 3. Prepare an income statement for Lejan Company for the coming year based on the number of cabinet computed in Requirement 2.