Question 18 2 pts During the year 2019, Silent J Company's production was 1,000 units and it sold 900 units at a price of P50 per unit. The following costs were incurred during the year: Total Cost Direct Materials P12,000 Direct Labor 10,000 Variable Factory Overhead 8,000 Fixed Factory Overhead 6,000 Variable selling & Admin Expenses 4,500 Fixed Selling and Admin Expenses 3,000 How much would be the income under absorption costing?