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Finish Problem 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
Finish Problem
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 Fixed manufacturing overhead per unit ($346,550 + 2,900 units) Total variable selling expenses ($12 per unit sold) Total fixed general and administrative expenses 2.900 1,700 790.00 75.00 105.00 55.00 119.50 20,400.00 90,000.00 Presidio, Inc. Contribution Margin Income Statement Sales revenue 1,343,000 20,400 Variable Selling Expenses Less: Variable Manufacturing Costs Contribution margin Fixed General and Administrative Expense 90,000 Net Operating Income 3. Compute the difference in profit between full absorption costing and variable costing. Difference in Profit Step by Step Solution
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