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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
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. Complete this question by entering your answers in the tabs below. Req 2A Reg 2B Reg 3 Complete a full absorption costing income statement for Presidio. Assume there was no beginning inventory. Presidio, Inc. Full Absorption Income Statement
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