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please provide solution :--) During the month of November, ABC Inc. produced 1,000 units of Product A with costs as follows: Direct Materials P6,000 Direct

please provide solution :--)

During the month of November, ABC Inc. produced 1,000 units of Product A with costs as follows:

Direct Materials

P6,000

Direct Labor

P3,300

Variable Factory Overhead

P2,500

Fixed Factory Overhead

P1,500

Total Manufacturing Costs

P13,500

Selling and administrative costs incurred during the month were:

Variable selling and administrative

P3,000

Fixed Selling and administrative

2,000

Total

P5,000

Selling Price per UnitP 20.00

ABC Inc. uses the JIT system. It does not keep inventories in stock.

What amount should be considered product cost forexternal reporting purposes?

Select one:

P13.30

P18.30

P11.80

P14.80

What is the variable costing per unit for purposes of computing thecontribution margin?

Select one:

P13.30

P18.30

P11.80

P14.80

Under absorption costing, income for November 2020 was

Select one:

P 8,200

P5,200

P6,700

P1,700

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