Number of units produced 2,700 Number of units sold 1,600 Sales price per unit $ 770.00 Direct materials per unit 65.00 Direct labor per unit 95.00 Variable manufacturing overhead per unit 45.00 Fixed manufacturing overhead per unit ($322, 110 2,7ee units) 119.30 Total variable selling expenses ($10 per unit sold) 16,6e8.80 Total fixed general and administrative expenses 88,000.00 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. Req 2A Reg 26 Req3 Complete a full absorption costing income statement for Presidio. Assume there was no beginning inventory. Presidio, Inc Full Absorption Income Statement Gross Margin Less: Non-Manufacturing Expenses Net Operating Income Number of units produced 2,700 Number of units sold 1.680 Sales price per unit $ 770.00 Direct materials per unit 65.88 Direct labor per unit 95.ee Variable manufacturing overhead per unit 45.00 Fixed manufacturing overhead per unit ($322,110 119.30 +2,7ee units) Total variable selling expenses ($10 per unit sold) 16,000.00 Total Fixed general and administrative expenses 28,000.00 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. Red 2A Req 2B Reg 3 Complete a variable costing income statement for Presidio. Assume there was no beginning inventory. Presidio, Inc. Variable Costing Income Statement Contribution Margin Less: Foxed Costs Net Operating Income Consider the following information for Presidio Inc.'s most recent year of operations. Number of units produced 2,780 Number of units sold 1,600 Sales price per unit 770.ee Direct materials per unit 65.ee Direct labor per unit 95.00 Variable manufacturing overhead per unit 45.00 Fixed manufacturing overhead per unit ($322,110 = 2,700 units) 119.30 Total variable selling expenses ($10 per unit sold) 16, eee.ee Total fixed general and administrative expenses 88,888.ce 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. Reg 24 Req 2B Reg 3 Compute the difference in profit between full absorption costing and variable costing. Difference in ofit
