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Consider the following information for Presidio Inc.'s most recent year of operations. 3,000 1,800 690.00 50.00 80.00 30.00 Number of units produced Number of units
Consider the following information for Presidio Inc.'s most recent year of operations. 3,000 1,800 690.00 50.00 80.00 30.00 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 ($355,500 = 3,000 units) Total variable selling expenses ($14 per unit sold) Total fixed general and administrative expenses 118.50 25,200.00 80,000.00 Required: 2-a. Complete a full absorption costing income statement for Presidio. Assume there was no beginning inventory. 2-b. Complete a variable costing 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 2B Req 3 Req 2A Req 2B Req 3 Complete a full absorption costing income statement for Presidio. Assume there was no beginning inventory. Presidio, Inc. Full Absorption Income Statement Sales $ 1,242,000 Gross Margin Less: Non-Manufacturing Expenses Net Operating Income Req 2A Req 2B Reg 3 Complete a variable costing income statement for Presidio. Assume there was no beginning inventory. Presidio, Inc. Variable Costing Income Statement Contribution Margin Less: Fixed Costs Net Operating Income Req 2A Req3 > Complete this question by entering your answers in the tabs below. Req 2A Req 2B Req 3 Compute the difference in profit between full absorption costing and variable costing. Difference in Profit
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