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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
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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