QUESTION 1: The traditional income statement prepared by LYN Shoals Manufacturer appears below.

Sales	P4,000,000
Cost of goods sold	2,960,000
Gross profit	1,040,000
Selling and administrative expenses	560,000
Net income	480,000

The company sold 8,000 units, variable manufacturing and selling costs per unit are P300 and P50 respectively. What is the contribution margin? Give your answer in this format X,XXX,XXX.

QUESTION 2 The traditional income statement prepared by LYN Shoals Manufacturer appears below.

Sales	P4,000,000
Cost of goods sold	2,960,000
Gross profit	1,040,000
Selling and administrative expenses	560,000
Net income	480,000

The company sold 8,000 units, variable manufacturing and selling costs per unit are P300 and P50 respectively. What is the total fixed cost? Give your answer in this format XXX,XXX.

QUESTION 3 The traditional income statement prepared by LYN Shoals Manufacturer appears below.

Sales	P4,000,000
Cost of goods sold	2,960,000
Gross profit	1,040,000
Selling and administrative expenses	560,000
Net income	480,000

The company sold 8,000 units, variable manufacturing and selling costs per unit are P300 and P50 respectively. What is the total variable cost? Give your answer in this format XXX,XXX.