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Consider the following information for Presidio Inc.'s most recent year of operations. Additional information for Presidio's most recent year of operations follows Number of units
Consider the following information for Presidio Inc.'s most recent year of operations. Additional information for Presidio's most recent year of operations follows Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Varlable manufacturing overhead per unlt Fixed manufacturing overhead per unit ($258,940 2200 2,200 1400 610.00 55.00 85.00 35.00 117.70 units) Total variable selling expenses (S12 per unit sold) Total fixed 16,800.00 72,000.00 general and administrative expenses Required 2. Complete a full absorption costing income statement and a variable costing income statement for Presidio. Assume there was no beginning inventory Presidio, Inc. Full A Income Statement ales Less: Cost of Goods Sold Gross Margin Net Operating Income Presidio, Contribution Margin Income Statement Contribution Margin Net Operating Income
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