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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

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 2,700
Number of units sold 1,650
Unit sales price $ 660.00
Direct materials per unit 80.00
Direct labor per unit 110.00
Variable manufacturing overhead per unit 60.00
Fixed manufacturing overhead per unit ($319,140 2,700 units) 118.20
Total variable selling expenses ($11 per unit sold) 18,150.00
Total fixed general and administrative expenses 77,000.00

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.

rev: 10_03_2016_QC_CS-63139, 03_15_2018_QC_CS-121646

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