Consider the following information for Presidio Inc.'s most recent year of operations. $ 2,500 1,550 640.00 70.00 100.00 50.00 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 ($295,000 = 2,500 units) Total variable selling expenses ($15 per unit sold) Total fixed general and administrative expenses 118.00 23,250.00 75,000.00 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 Reg 3 Complete a full absorption costing income statement for Presidio. Assume there was no beginning inventory. Presidio, Inc. Full Absorption Income Statement Sales Cost of Goods Sold Gross Margin Less: Non-Manufacturing Expenses Variable Selling Expense Net Operating Income Req 2A Req 2B Reg 3 Complete a variable costing income statement for Presidio. Assume there was no beginning inventory. Presidio, Inc. Variable Costing Income Statement Sales 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