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Please show solutions and explanations thank you Problem 2-1. MARIE NICOLE Company produces a single product provided the following data concerning its most recent month

Please show solutions and explanations thank you

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Problem 2-1. MARIE NICOLE Company produces a single product provided the following data concerning its most recent month of operations: Unit Selling Price - P157.50; Units Produced - 3,875; Units Sold - 3,750; Direct Materials per unit - P27.50; Direct Labor per unit - P53.75; Variable Manufacturing Overhead - P3.75; Variable Selling and admin expense - P12.50; Fixed Manufacturing Overhead - P112,375; Fixed Selling and Administrative Expense - P52,500 Requirements: Fill in the missing amounts Absorption Costing Variable Costing Throughput Costing Product Cost per Unit Total Period Cost Gross Profit/ Contribution Margin/ Throughput Margin Net Income

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