Question 7 1 pts Happiny Company manufactures and sells a single product. For the production of 30,000 units, total variable costs amounted to P 180,000 and total fixed costs amounted to P 300,000. The company's relevant range is 20,000 to 60,000 units produced and sold annually. The TOTAL COSTS of producing and selling 55,000 units is Note: Round-off final answer to nearest peso amount D Question 8 1 pts The Minccino Company's most recent contribution format income statements show sales volume of 20,000 units, total sales of P300,000; variable expenses of P180,000; and fixed expenses of P70,000 The firm pursued a strategy that reduced the unit selling price by P1.50 resulting in an increased number of units sold by 25%. The VARIABLE COST RATIO would increase/decrease) to %. Note: Use 2 decimal places; indicate in your solution sheet if the ratio would INCREASE or DECREASE. D Question 14 1 pts The following information is available for a company's cost of sales over the last five months: Month Units Sold Cost of Sales June 900 P116,500 July 800 115,000 August 1,200 121,000 September 1,600 127,000 October 1,800 130,000 Using the high-low method for managing expenses, the company's cost equation is: Note: This is the only question that requires an answer that is not just numerical. For uniformity of answers do not include the currency sign