Sam Company has the following data for the month of July 2002 Production in units Sales in units Total budgeted fixed factory overhead Normal capacity in units Variable selling expenses per unit Variable administrative expenses per unit Fixed selling and administrative expenses Required: Based on the given data, compute the following: 15,000 18,000 P30,000 20,000 P.60 P.40 P10,000 1. Assume that a net income of P2,500 under direct costing, how much is the net income under absorption costing? 2. How much fixed factory overhead is charged as product cost under direct costing?under absorption costing