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Consider the following information for Presidio Inc's most recent year of operations. 25 3. 01:28:42 Number of units produced Number of units sold Sales price
Consider the following information for Presidio Inc's most recent year of operations. 25 3. 01:28:42 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 ($346,550 - 2,900 units) Total variable selling expenses ($12 per unit sold) Total fixed general and administrative expenses 2,900 1,700 790.00 75.00 105.00 55.00 119.50 eBook 20,400.00 90,000.00 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. Complete a full absorption costing income statement for Presidio. Assume there was no beg Presidio, Inc. Full Absorption Income Statement Gross Margin Less: Non-Manufacturing Expenses Net Operating Income Complete a variable costing income statement for Presidio. Assume there was no beginning in Presidio, Inc. Variable Costing Income Statement Contribution Margin Less: Fixed Costs Net Operating Income Difference in Profit
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