ABC Company, which has only one product, has provided the following data concerning its most recent month of operations:

Selling priceP103

Units in beginning inventory0

Units produced6,800

Units in ending inventory200

Variable cost per unit:

Direct materialsP22

Direct labor23

Variable overhead4

Variable selling and administrative8

Fixed costs:

Fixed overheadP231,200

Fixed selling and administrative59,400

1.The total contribution margin for the month under variable costing approach is

a.P72,400

b.P132,000

c.P303,600

d.P356,400

2.The total gross margin for the month under absorption costing approach is

a.P19,800

b.P132,000

c.P148,600

d.P303,600

3.What is the total period cost for the month under variable costing approach?

a.P112,200

b.P231,200

c.P290,600

d.P343,400

4.What is the total period cost for the month under absorption costing approach?

a.P59,400

b.P112,200

c.P231,200

d.P343,400