The Buff Company sold 50,000 units of its product at P24 per unit. Variable costs are P13.20 per unit (Manufacturing cost of P10 and selling costs of P3.20). Fixed costs are incurred uniformly throughout the year and amount to P594,000 (Manufacturing costs of P400,000 and selling costs of P194,000). There are no beginning and ending inventories. Required: 1. Compute the break-even point in units and peso sales. 2. Compute the number of units that must be sold to realize net income of P75,060 before income tax. 3. If income tax rate is 35%, compute the units that must be sold to realize net income of P68,900 after income tax. 4. If labor costs were 50% of variable costs and 20% of fixed costs, a 10% increase in wages and salaries would increase the units necessary to break-even. Compute the break-even units. 5. What was Beep's net income or loss?