Consider the following information for Presidio Inc's most recent year of operations. Additional information for Presidio's most recent year of operations follows: $ 2.900 1,750 680.00 55.00 85.00 35.00 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 ($343, 360 + 2,900 units) Total variable selling expenses ($13 per unit old) Total fixed general and administrative expenses 110.40 22,750.00 79,000.00 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 Less: Cost of Goods Sold Gross Margin Net Operating Income Presidio, Inc. Contribution Margin Income Statement Contribution margin Net Operating Income 3. Compute the difference in profit between full absorption costing and variable costing, Difference in Profit Leslie Sporting Goods is a locally owned store that specializes in printing team jerseys. The majority of its business comes from orders for various local teams and organizations. While Leslie's prints everything from bowling team jerseys to fraternity/sorority apparel to special event shirts, summer league baseball and softball team jerseys are the company's biggest source of revenue A portion of Leslie's operating information for the company's last year follows: 285 Number of Month Jerseys Printed January 190 February March 270 April 545 May 700 June 610 July 425 August 355 September 290 October 270 November 175 December 165 Operating $5,850 5,800 5,940 8,680 9,700 9,280 6,215 6,140 6,035 5,960 4,960 4.885 Required: 3. Using the high-low method, calculate the store's total fixed operating costs and variable operating cost per jersey (Do not round your Intermediate calculations. Round your "Variable Cost" answer to 2 decimal places ond "Fixed Cost" answer to the nearest whole number.) Variable Cost per Jersey Fixed Cost 4. Using the high-low method results, calculate the store's expected operating cost if it printed 455 jerseys. (Do not round your Intermediate calculations. Round your answer to the nearest whole number.) Total Cost 5. Perform a least-squares regression analysis on Leslie's data. (Use Microsoft Excel or a statistical package to find the coefficients using least-squares regression. Round your answers to 2 decimal places.) Coefficients Intercept X Variable 1 6. Using the regression output, create a linear equation ly = a + bx) for estimating Leslie's operating costs. (Round your answers to 2 decimal places.) Total Cost = (Number of Jerseys) 7. Using the least squares regression results, calculate the store's expected operating cost if it prints 600 jerseys. (Round your intermediate calculations to 2 decimal places. Round your final answer to 2 decimal places.) Total Cost Garfield Company manufactures a popular brand of dog repellant known as Dog Gone It, which it sells in gallon-size bottles with a spray attachment. The majority of Garfield's business comes from orders placed by homeowners who are trying to keep neighborhood dogs out of their yards. Garfield's operating information for the first six months of the year follows: Number of Month Bottles Sold January 2100 Febus RX 1360 March 1.700 April 2 500 May 3.510 June 3,640 Operating Coat $10,220 15,730 16.030 19.780 27410 34,830 Required: 3. Using the high-low method, calculate Garfield's total fixed operating costs and variable operating cost per bottle (Do not round your intermediate calculations. Round your variable cost per unit answer to 2 decimal places and fixed cost answer to the nearest whole number.) Variable Cost per Unit Fixed Cost 4. Perform a least squares regression analysis on Garfield's data (Use Microsoft Excel or a statistical package to find the coefficients using least squares regression. Round your answers to 3 decimal places.) Coefficient Intercept X Variable 1 5. Determine how well this regression analysis explains the data. (Round you regression statistics to three decimal places and your percentage answer to the nearest whole number.) Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations From the regression output number of bottlos explains about % of the variability in Garfield's total cost 6. Using the regression output, create a linear cost equation abx) for estimating Garfield's operating costs. (Round your answers to 3 decimal places.) Total Cost (Number of Bottles) WI Riverside Inc. makes one model of wooden canoe. Partial information for it follows: 620 780 Number of Canoes Produced and Sold 540 Total costs Variable costs $ 67,500 Fixed costs 150,000 Total costs $217,500 Coat per unit Variable cost per unit $ 125.00 Fixed cost per unit 277.78 Total coat per unit $ 402.78 $ 77,500 150,000 $227,500 $ 97,500 150,000 $247,500 $ 125.00 241.94 $366.94 $ 125.00 192.31 $ 317.31 Riverside sells its canoes for $500 each. Next year Riverside expects to sell 700 canoes. Required: Complete the Riverside's contribution margin income statement for each independent scenario. Assurning each scenario is a variation of Riverside's original data (Round your unit contribution margin and contribution margin ratio percentage to two decimal places (ie. 1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Scenario 1 Raises Sales Price to $600 Scenario 2 Increase Sales Price and Variable Cost per Unit by 10 Percent Scenario 3 Decrease Fixed Cost by 20 Percent per Canon Unit Contribution Margin Contribution Margin Ratio % % Contribution Margin Income Statement Contribution Margin Net Operating Income