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Consider the following information for Presidio Incorporated's most recent year of operations. Number of units produced 2,200 Number of units sold 1,400 Sales price

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Consider the following information for Presidio Incorporated's most recent year of operations. Number of units produced 2,200 Number of units sold 1,400 Sales price per unit $ 610.00 Direct materials per unit 55.00 Direct labor per unit 85.00 Variable manufacturing overhead per unit 35.00 Fixed manufacturing overhead per unit ($258,940 2,200 units) Total variable selling expenses ($12 per unit sold) 117.70 16,800.00 Total fixed general and administrative expenses 72,000.00 Required: 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. > Answer is not complete. Complete this question by entering your answers in the tabs below. Req 2A Req 2B Req 3 Complete a full absorption costing income statement for Presidio. Assume there was no beginning inventory. Presidio, Incorporated Full Absorption Income Statement Sales Cost of Goods Sold Gross Margin Less: Non-Manufacturing Expenses Variable Selling Expense Fixed General and Administrative Expense Net Operating Income $ 854,000 409,780 $ 444,220 16,800 72,000 $ 355,420 < Req 2A Req 2B >

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