Items 1 and 2 are based on the following information:

Yamato Companys 2019 fixed manufacturing overhead costs totaled Php120,000 and variable selling costs totaled P45,000.

1 .Under variable (direct) costing, how much of the costs are product costs?

A. None C. Php120,000

B. Php45,000 D. Php165,000

2. Under absorption (full) costing, how much of the costs are period costs?

A. None C. Php120,000

B. Php45,000 D. Php165,000