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Consider the following Information for Presidio Inc.'s most recent year of operations. Number of units produced Number of units sold 2,600 1,600 Sales price per
Consider the following Information for Presidio Inc.'s most recent year of operations. Number of units produced Number of units sold 2,600 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 +2,600 units) 118.10 Total variable selling expenses ($10 per unit sold) 16,000.00 Total fixed general and administrative expenses 76,000.00 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 Req 31 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 Req 28 >
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