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For 2A/2B fill in the first column with: Contribution Margin Ending Inventory Fixed general and Administrative Expenses Fixed Manufacturing Overhead Interest Expense Net income after
For 2A/2B fill in the first column with:
Contribution Margin
Ending Inventory
Fixed general and Administrative Expenses
Fixed Manufacturing Overhead
Interest Expense
Net income after taxes
Variable costs of Goods sold
Variable Selling Expenses
Sales
required: --a. Complete a full absorption costing income statement for Presidio. Assume there was no beginning inventory. -b. Complete a contribution margin income statement for Presidio. Assume there was no beginning inventory. . Compute the difference in profit between full absorption costing and variable costing. Complete this question by entering your answers in the tabs below. Complete a contribution margin income statement for Presidio. Assume there was no beginning inventory. Comblete a full absorbtion costina income statement for Presidio. Assume there was no beginning inventory. ompute the difference in profit between full absorption costing and variable costingStep by Step Solution
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