Question
Consider the following information for Presidio Inc.'s most recent year of operations. Number of units produced Number of units sold 2,800 1,650 Sales price per
Consider the following information for Presidio Inc.'s most recent year of operations. Number of units produced Number of units sold 2,800 1,650 Sales price per unit $ 780.00 Direct materials per unit 70.00 Direct labor per unit 100.00 Variable manufacturing overhead per unit 50.00 Fixed manufacturing overhead per unit 119.40 ($334,320 2,800 units) Total variable selling expenses ($11 per unit sold) 18,150.00 Total fixed general and administrative 89,000.00 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. 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 >
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