Consider the following information for Presidio Inc.'s most recent year of operations. Additional information for Presidio's most recent year of operations follows:

Number of units produced 2,000 Number of units sold 1,300 Unit sales price $ 650.00 Direct materials per unit 60.00 Direct labor per unit 90.00 Variable manufacturing overhead per unit 40.00 Fixed manufacturing overhead per unit ($235,000 2,000 units) 117.50 Total variable selling expenses ($10 per unit sold) 13,000.00 Total fixed general and administrative expenses 70,000.00

Required:

2. Complete full absorption costing income statement and 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.