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Consider the following information for Presidio Incorporated's most recent year of operations. Number of units produced Number of units sold Sales price per unit Direct
Consider the following information for Presidio Incorporated's most recent year of operations. Number of units produced Number of units sold Sales price per unit Direct materials per unit Direct labor per unit 2,700 1,650 $ 660.00 80.00 110.00 Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($319,140 2,700 units) Total variable selling expenses ($11 per unit sold) Total fixed general and administrative expenses Required: 60.00 118.20 18,150.00 77,000.00 2-a. Complete a full absorption costing income statement for Presidio. Assume there was no beginning inventory. 2-b. Complete a contribution margin income statement for Presidio. Assume there was no beginning inventory. 3. Compute the difference in profit between full absorption costing and variable costing. Complete this question by entering your answers in the tabs below. Req 2A Req 28 Req 3 Complete a full absorption costing income statement for Presidio. Assume there was no beginning inventory. Presidio, Incorporated Full Absorption Income Statement Gross Margin Less: Non-Manufacturing Expenses
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