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Consider the following information for Presidio Incorporated's most recent year of operations. Number of units produced 2 , 6 0 0 Number of units sold
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 Variable manufacturing overhead per unit Fixed manufacturing overhead per unit $: units Total variable selling expenses $ per unit sold Total fixed general and administrative expenses Required: a Complete a full absorption costing income statement for Presidio. Assume there was no beginning inventory. b Complete a contribution margin income statement for Presidio. Assume there was no beginning inventory. Compute the difference in profit between full absorption costing and variable costing.
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
Variable manufacturing overhead per unit
Fixed manufacturing overhead per unit $: units
Total variable selling expenses $ per unit sold
Total fixed general and administrative expenses
Required:
a Complete a full absorption costing income statement for Presidio. Assume there was no beginning inventory.
b Complete a contribution margin income statement for Presidio. Assume there was no beginning inventory.
Compute the difference in profit between full absorption costing and variable costing.
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