Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Number of units produced 2,2ee Number of units sold 1,400 Sales price per unit 610.ee Direct materials per unit 55.ee Direct labor per unit 85.ee

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Number of units produced 2,2ee Number of units sold 1,400 Sales price per unit 610.ee Direct materials per unit 55.ee Direct labor per unit 85.ee Variable manufacturing overhead per unit 35.ee Fixed manufacturing overhead per unit ($258,940 + 2,200 units) 117.70 Total variable selling expenses ($12 per unit sold) 16,800.00 Total fixed general and administrative expenses 72,000.00 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. Complete this question by entering your answers in the tabs below. Complete a full absorption costing income statement for Presidio. Assume the Presidio, Inc. Full Absorption Income Statement Gross Margin Less: Non-Manufacturing Expenses Net Operating Income Reg 2A Req 20

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modern Management Control Systems Text And Cases

Authors: Kenneth A. Merchant

1st Edition

0135541557, 978-0135541555

More Books

Students also viewed these Accounting questions

Question

=+ Where would most corporations like the balance to fall?

Answered: 1 week ago