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Consider the following information for Presidio Inc.'s most recent year of operations. Number of units produced 2,400 Number of units sold 1,450 Sales price
Consider the following information for Presidio Inc.'s most recent year of operations. Number of units produced 2,400 Number of units sold 1,450 Sales price per unit 740.00 Direct materials per unit 50.00 Direct labor per unit 80.00 Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($285,600 2,400 units) 30.00 119.00 Total variable selling expenses ($13 per unit sold) 18,850.00 Total fixed general and administrative 85,000.00 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 Complete a full absorption costing income statement for Presidio. Assume there was no beginning inventory. Presidio, Inc. Full Absorption Income Statement
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