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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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