Vicenco Corp began its operations on January 1, 2021. It produces a single product that sells for P13.50 per unit. The company uses an actual cost system. By 2021, 150,000 units were produced, and 135,000 units were sold. There was no WIP inventory on December 31, 2021. Manufacturing costs and selling and administrative expenses for 2021 were as follows: Variable cost per unit: Raw materials, P3.50; Direct labor, P2.50; Variable overhead, P1.00; Selling and administrative, P1.20 Fixed costs: Fixed overhead, P195,000; Selling and administrative, P140,000