Consider the following information for Presidio Inc.'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 Pixed manufacturing overhead per unit ($237,200 + 2,000 units) Total variable selling expenses ($15 per unit sold) Total fixed general and administrative expenses 2,000 1,250 700.00 55.00 85.00 35.00 118.60 18,750.00 81,000.00 Required: 2-a. Complete a full absorption costing income statement for Presidio. Assume there was no beginning inventory. 2-b. Complete a variable costing income statement for Presidio. Assume there was no beginning inventory. 3. Compute the difference in profit between full absorption costing and variable costing. Complete this question by entering your answers in the tabs below. Req 2A Req 28 Reg 3 Complete a full absorption costing income statement for Presidio. Assume there was no beginning inventory. Presidio, Inc. Full Absorption Income Statement Sales Cost of Goods Sold 875,000 (367,000) Gross Margin 508,000 Consider the following information for Presidio Inc.'s most recent year of operations. Number of units produced Number of units sold Sales price per unit Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($ 237,200 + 2,000 units) Total variable selling expenses ($15 per unit sold) Total fixed general and administrative expenses 2,000 1,250 700.00 55.00 85.00 35.00 118.60 18,750.00 81,000.00 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 Req2B Req3 Complete a variable costing income statement for Presidio. Assume there was no beginning inventory. Presidio, Inc. Variable Costing Income Statement Sales Variable Cost of Goods Sold Variable Selling Expense Interest Expense $ 875,000 (175,000) (43,750) (18,750) Consider the following information for Presidio Inc.'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 ($ 237,200 + 2,000 units) Total variable selling expenses ($15 per unit sold) Total fixed general and administrative expenses 2,000 1,250 700.00 55.00 85.00 35.00 118.60 18,750.00 81,000.00 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. Reg 2A Req 2B Re3 Compute the difference in profit between full absorption costing and variable costing. Difference in Profit S 88,950
