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Consider the following information for Presidio Inc.'s most recent year of operations. $ 2,100 1,350 600.00 50.00 80.00 30.00 Number of units produced Number of
Consider the following information for Presidio Inc.'s most recent year of operations. $ 2,100 1,350 600.00 50.00 80.00 30.00 Number of units produced Number of units sold Sales price per unit Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($246,960 2,100 units) Total variable selling expenses ($11 per unit sold) Total fixed general and administrative expenses 117.60 14,850.00 71,000.00 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. 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 Beginning Inventory Contribution Margin Cost of Goods Sold Ending Inventory Fixed General and Administrative Expense Net Operating Income Complete this question by entering your answers in the tabs below. Reg 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 Fixed Manufacturing Overhead Interest Expense Net Income After Taxes Sales Variable Selling Expense Net Operating Income Complete this question by entering your answers in the tabs below. 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 Req3 Compute the difference in profit between full absorption costing and variable costing. Difference in Profit
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