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Consider the following information for Presidio Inc.'s most recent year of operations. Number of units produced 2,600 Number of units sold 1,550 Sales price

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Consider the following information for Presidio Inc.'s most recent year of operations. Number of units produced 2,600 Number of units sold 1,550 Sales price per unit $ 760.00 Direct materials per unit 60.00 Direct labor per unit 90.00 Variable manufacturing overhead per unit 40.00 Fixed manufacturing overhead per unit 119.20 ($309,920 2,600 units) Total variable selling expenses ($15 per unit sold) 23,250.00 Total fixed general and administrative expenses 87,000.00 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.

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