Bandoy Company produced 100,000 units of product and sol 75,000 units at P3.0 per unit in 2018. Variable unit cost are: MAnufacturing - P1.6; selling - P0.15. Fixed costs for 2018 include P30,000 of fixed manufacturing costs and P41,250 of fixed selling and administrative expenses. What would be the net income for 2018, using the absorption costing? *

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