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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 2,800 1,700 Sales price
Consider the following information for Presidio Inc.'s most recent year of operations. 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 expenses 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. 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 Req 2A Req 2B 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 Req 2A Req 2B Reg 3 Compute the difference in profit between full absorption costing and variable costing. Difference in Profit
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