1. Benguet Corp. has the following data pertaining to its only product: Direct Materials P 10.00/unit...

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1. Benguet Corp. has the following data pertaining to its only product: Direct Materials P 10.00/unit P 8.00/unit Direct Labor Fixed Overhead Variable Overhead P 9.00/unit P 200,000/year Variable Selling & Admin. P 5.00/unit Fixed Selling & Admin. P 150,000/year *The company was able to produce 100,000 units and sell 90,000 units during its first year of operation. 1. Compute the product cost per unit using (a) Throughput Costing; (b) Variable Costing; (c) Absorption Costing 2. Compute the ending inventory values using (a) Throughput Costing; (b) Variable Costing; (c) Absorption Costing 3. Compute the net income using (a) Throughput Costing; (b) Variable Costing; (c) Absorption Costing 4. Reconcile the net income under variable and absorption costing. 1. Benguet Corp. has the following data pertaining to its only product: Direct Materials P 10.00/unit P 8.00/unit Direct Labor Fixed Overhead Variable Overhead P 9.00/unit P 200,000/year Variable Selling & Admin. P 5.00/unit Fixed Selling & Admin. P 150,000/year *The company was able to produce 100,000 units and sell 90,000 units during its first year of operation. 1. Compute the product cost per unit using (a) Throughput Costing; (b) Variable Costing; (c) Absorption Costing 2. Compute the ending inventory values using (a) Throughput Costing; (b) Variable Costing; (c) Absorption Costing 3. Compute the net income using (a) Throughput Costing; (b) Variable Costing; (c) Absorption Costing 4. Reconcile the net income under variable and absorption costing.