Items 53 to 56 are based on the following information ABC Company, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Php103 Units in beginning inventory 0 Units produced 6,800 Units sold 6,600 Units in ending inventory 200 Variable cost per unit: Direct materials Php22 Direct labor 23 Variable manufacturing overhead 4 Variable selling and administrative 8 Fixed costs: Fixed manufacturing overhead Php231,200 Fixed selling and administrative 59,400 53. The total contribution margin for the month under the variable costing approach is A. Php72,400 C. Php303,600 B. Php132,000 D. Php356,400 54. The total gross margin for the month under the absorption costing approach is A. Php19,800 C. Php148,600 B. Php132,000 D. Php303,600 55. What is the total period cost for the month under the variable costing approach? A. Php112,200 C. Php290,600 B. Php231,200 D. Php343,400 56. What is the total period cost for the month under the absorption costing approach? A. Php59,400 C. Php231,200 B. Php112,200 D. Php 343,400