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Consider the following information for Presidio Inc.'s most recent year of operations. Number of units produced 2,900 Number of units sold 1,700 Sales price per
Consider the following information for Presidio Inc.'s most recent year of operations. Number of units produced 2,900 Number of units sold 1,700 Sales price per unit 790.00 Direct materials per unit 75.00 Direct labor per unit 105.00 Variable manufacturing overhead per 55.00 unit Fixed manufacturing overhead per unit 119.50 ($346,550 = 2,900 units) Total variable selling expenses ($12 20 m2 40 per unit sold) Total fixed general and 90,000.00 administrative expenses 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. 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 Complete a full absorption costing income statement for Presidio. Assume there was no beginning inventory. Presidio, Inc. Full Absorption Income Statement Beginning Inventory Beginning Inventory Gross Margin Less: Non-Manufacturing Expenses Net Operating Income
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