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Consider the following information for Presidio Inc's most recent year of operations. Additional in information for Presidio's most recent year of operations ollows: Number of

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Consider the following information for Presidio Inc's most recent year of operations. Additional in information for Presidio's most recent year of operations ollows: Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($273,470 -2.300 2,300 1,400 $ 730.00 70.00 100.00 50.00 units) Total variable selling expenses ($12 per unit sold) Total fixed general and administrative expenses 18.90 16,800.00 84,000.00 Required 2. Complete a full absorption costing income statement and a variable costing income statement for Presidio. Assume there was no beginning inventory Presidio, Inc. Full Absorption Income Statement Sales S 1,022,000 Less: Cost of Goods Sold Gross Margin 547,540 General and Administrative Expense Less: Selling Expense (84,000) (16,800 S 446,740 Not Operating Income Presidio, Inc. Contribution Margin Income Statement Sales revenue $1,022,000

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