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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 Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit 2,300 1,400 S 730.00 70.00 100.00 50.00 Fixed manufacturing overhead per unit ($273,470 +2.300 11890 units) Total variable selling expenses ($12 per unit sold) Total fixed general and administrative expenses 16,800.00 84,000.00 Required: Complete a full absorption costing income statement and a variable costing income statement for Presidio. Assume there was no Presidio, Inc Full Absorption Income Statement Less: Cost of Goods Sold Gross Margin Net Operating Income
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