Problem Solving Read and analyze the following problem. Write your answer at the back of this paper. Show your computations. (3 items x 10 points) June Company's actual data for 2014 are given as follows: 25,000 24,000 P200 Units produced Units sold Selling price per unit Direct material costs Direct labor Variable manufacturing overhead Variable selling costs Fixed manufacturing costs Fixed administrative costs 20 60 20 P600,000 300,000 Required: Prepare an income statement under (1) absorption costing, (2) variable costing, and (3) throughput costing