Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consider the following information for Presidio Inc's most recent year of operations. Number of units produced 2,600 Number of units sold . 1,600 Sales price

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Consider the following information for Presidio Inc's most recent year of operations. Number of units produced 2,600 Number of units sold . 1,600 Sales price per unit $ 650.00 Direct materials per unit 75.00 Direct labor per unit 105.00 Variable manufacturing overhead per unit 55.00 Fixed manufacturing overhead per unit ($307,060 118.10 + 2,600 units) Total variable selling expenses ($10 per unit 16,000.00 sold) Total fixed general and administrative expenses 76,000.00 Required: 2-0. Complete a full absorption costing income statement for Prelvdia 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 Reg 2B Reg 3 Complete a full absorption costing increment for Presidio. Assume there was no beginning inventory. Reg 2A Reg 2B Reg 3 Complete a full absorption costing income statement for Presidio. Assume there was no beginning inventory Presidio, Inc. Full Absorption Income Statement Gross Margin Less: Non-Manufacturing Expenses Net Operating Income Reg 28 > Req 2A Reg 28 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 > Required: 2-a. Complete a full absorption costing income statement for Presidio. Assume there was no begin 2-b. Complete a variable costing intome statement for Presidio. Assume there was no beginning in 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 Reg 28 Reg 3 Compute the difference in profit between full absorption costing and variable costing. Difference in Profit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internal Auditors For Stock Brokers

Authors: National Institute Of Securities Markets (NISM)

1st Edition

9350717581, 978-9350717585

More Books

Students also viewed these Accounting questions

Question

=+a) What is the margin of error for this problem?

Answered: 1 week ago