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

Number of units produced		2,900
Number of units sold		1,700
Unit sales price	$	790.00
Direct materials per unit		75.00
Direct labor per unit		105.00
Variable manufacturing overhead per unit		55.00
Fixed manufacturing overhead per unit ($346,550 2,900 units)		119.50
Total variable selling expenses ($12 per unit sold)		20,400.00
Total fixed general and administrative expenses		90,000.00

Required: 2. Complete a 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.