Refer to the first picture for the given problem and answer all the questions (Multiple choice) show your solution please

During the month of November, ABC Inc. produced 1,000 units of Product A with costs as follows: Direct Materials P6,000 Direct Labor P3,300 Variable Factory Overhead P2,500 Fixed Factory Overhead P1,500 Total Manufacturing Costs P13,500 Selling and administrative costs incurred during the month were: Variable selling and administrative P3,000 Fixed Selling and administrative 2,000 Total P5,000 Selling Price per Unit P 20.00 ABC Inc. uses the JIT system. It does not keep inventories in stock. What amount should be considered product cost for external reporting purposes? Select one: P13.30 P18.30 O P11.80 P14.80 What is the product cost per unit under variable costing? Select one: P13.30 P18.30 P11.80 P14.80 What is the variable costing per unit for purposes of computing the contribution margin? Select one: P13.30 O P18.30 P11.80 P14.80 O What would income be if variable costing were used? Select one: Equal to income under absorption costing because that should always be the case. Equal to income under absorption costing because the total fixed overhead costs expensed under both methods are the same. An amount greater than that under absorption costing because production is equal to sales. An amount less than that under absorption costing because there is no change in inventory. O