Mirinda, Inc.'s controller developed the following direct-costing income statement for 2020: Per Unit Sales (150,000 units @ P30) P 4,500,000 30 Variable Costs: Direct materials # 1,050,000 7 Direct labor 1,500,000 10 Manufacturing overhead 300,000 Selling and marketing expenses 300,000 3,150,000 Contribution margin # 1,350,000 P 9 Fixed costs: Manufacturing overhead 600,000 N D Selling and marketing 300,000 900,000 6 Net income 450,000