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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

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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 produced 2,200 Number of units sold 1,350 Unit sales price $ 720.88 Direct materials per unit 65.00 Direct labor per unit 95.00 Variable manufacturing overhead per unit 45.00 Fixed manufacturing overhead per unit ($261, 360 + 2,200 118.80 units) Total variable selling expenses ($11 per unit 14,850.00 sold) Total fixed general and administrative expenses 83,800.00 ncc 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 Sales $ 972.000 Less: Cost of Goods Sold Gross Margin Less: Selling Expense General and Administrative Expense Net Operating Income Presidio, Inc. Contribution Margin Income Statement Contribution 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

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