The management EDA Company has performed cost studies and projected the following annual costs based on 40,000 units of sales: Total annual cost Percent of variable portion of total annual costs Direct material P400,000 100% Direct labor 360,000 75% Manufacturing overhead 300,000 40% Selling and administrative 200,000 25% What unit selling price will yield a 10 percent profit from sales of 40,000 units? P35.00 per unit P33.50 per unit P30.00 per unit P40.00 per unit