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Consider the following information for Presidio Inc.'s most recent year of operations. Additional information for Presidio's 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 Presidio's most recent year of operations follows Number of units produced 2,700 1,650 Number of units sold Unit sales price 660.00 80.00 Direct materials per unit Direct labor per unit 110.00 60.00 Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($319,140 +2,700 118.20 units) 18,150.00 Total variable selling expenses ($11 per unit sold) 77,000.00 Total fixed general and administrative expenses 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 Less: Cost of Goods Sold Gross Margin Net Operating Income
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