Shell Corporation manufactures bottled vinegar. Data pertaining to the company's 2017 operations follow: Actual price and cost data for 2017 are as follows: Selling price P50 Variable Selling cost per unit P2.80 Direct Material per unit 18 Fixed Selling costs 75.000 Direct Labor per unit 10 Budgeted Production 100,000 units Variable Overhead per unit 1.50 Actual Production 90.000 units Fixed Overhead 4.20 Sales for the Year 97,500 units Beginning inventory 17.500 units Fixed manufacturing overhead assigned to units of production based on a predetermined rate using the budgeted production which is 100,000 units. 19. How much is the amount to be adjusted to the cost of goods sold under absorption costing and variable costing, respectively, due to cost variances? a. P42.000 over and P42.000 over b. P42.000 under and P42,000 under c. PO and PO d. P42,000 over and PO e. P42,000 under and PO 20. How much is the net income using the absorption costing a. P1.199.250 c. P1.241.250 e. None of the above b. P1,283,250 d. P1.195,425