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Consider the following information for Presidio Inc.'s most recent year of operations. Number of units produced 2,900 Number of units sold 1,700 Sales price per

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Consider the following information for Presidio Inc.'s most recent year of operations. Number of units produced 2,900 Number of units sold 1,700 Sales price per unit $ 790.00 Direct materials per unit 75.00 Direct labor per unit 105.00 Variable manufacturing overhead per 55.00 unit Fixed manufacturing overhead per unit 119.50 ($346,550 = 2,900 units) Total variable selling expenses ($12 e selling expenses (P12 20,400.00 20 per unit sold) Total fixed general and 90,000.00 administrative expenses 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

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