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Consider the following information for Presidio Inc.'s most recent year of operations. Number of units produced 2,800 Number of units sold. 1,700 Sales price
Consider the following information for Presidio Inc.'s most recent year of operations. Number of units produced 2,800 Number of units sold. 1,700 Sales price per unit $ 670.00 Direct materials per unit 50.00 Direct labor per unit 80.00 Variable manufacturing overhead per unit 30.00 Fixed manufacturing overhead per unit ($331,240 +2,800 units) Total fixed general and administrative expenses 118.30 Total variable selling expenses ($12 per unit sold) 20,400.00 78,000.00 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. 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 Gross Margin Less: Non-Manufacturing Expenses Net Operating Income 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 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 Number of units produced Number of units sold 2,800 1,700 Sales price per unit $ 670.00 Direct materials per unit 50.00 Direct labor per unit 80.00 Variable manufacturing overhead per unit 30.00 Fixed manufacturing overhead per unit ($331,240 +2,800 units) 118.30 Total variable selling expenses ($12 per unit sold) 20,400.00 Total fixed general and administrative 78,000.00 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. Complete this question by entering your answers in the tabs below. Req 2A Req 2B Req 3 Compute the difference in profit between full absorption costing and variable costing. Difference in Profit
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