Problem 2 The financial statements of Mother Grace Company included these items: Marketing costs Direct labor cost Administrative costs Direct materials used Fixed factory overhead costs Variable factory overhead costs Compute: 1. Prime cost 2. Conversion cost 3. Total inventoriable/product cost 4. Total period cost Problem 3 P160,000 245,000 145,000 285,000 175,000 155,000 Blanche Corporation estimated its unit costs of producing and selling 12,000 units per month as follows: Direct materials used P32.00 Direct labor 20.00 Variable manufacturing overhead 15.00 Fixed manufacturing overhead 6.00 Variable marketing costs 3.00 Fixed marketing costs 4.00 Estimated unit cost P80.000 Compute: 1. Total variable costs per month 2. Total fixed costs per month Problem 3 Given the following facts, complete the requirements below: Sales price P200 per unit Fixed costs: Marketing and administrative Manufacturing overhead Variable costs: Marketing and administrative Manufacturing overhead Direct labor solved Direct Materials Units produced and sold Required: Compute for the following 1. Variable manufacturing cost per unit 2. Variable cost per unit 3. Full manufacturing cost per unit 4. Full cost to make and sell per unit 24,000 per period 30,000 per period 6 per unit 9 per unit 30 per per unit 60 per unit 1,200 per period IV. 120.