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The Chromosome Manufacturing Company produces two products, X and Y. The company president, Gene Mutation, is concerned about the fierce competition in the market for product X. He notes that competitors are selling X for a price well below Chromosome's price of P12.70. At the same time, he notes that competitors are pricing product Y almost twice as high as Chromosome's price of P12.50.

Mr. Mutation has obtained the following data for a recent time period:

Mr.Mutation has obtained the following data for a recent time period: Product X Product Y Number of 11,000 3,000 units Direct Materials cost P3.23 P3.09 per unit Direct Labor P2.22 P2.10 cost per unit Direct Labor 10,000 2,500 hours Machine hours 2,100 2,800 Inspection 80 100 hours Purchase 10 10 orders Mr. Mutation has learned that overhead costs are assigned to products on the basis of direct labor hours. The overhead costs for his time period consisted of the following items: Overhead Cost item Amount Inspection Costs P16,200 Purchasing Costs 8,000 Machine Cost 49,000 Total P73,200