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Number of units produced Number of units sold 2,700 1,650 Sales price per unit 660.00 Direct materials per unit 80.00 Direct labor per unit
Number of units produced Number of units sold 2,700 1,650 Sales price per unit 660.00 Direct materials per unit 80.00 Direct labor per unit Variable manufacturing overhead per unit 110.00 60.00 Fixed manufacturing overhead per unit ($319,140 2,700 units) 118.20 Total variable selling expenses ($11 per unit sold) 18,150.00 Total fixed general and administrative 77,000.00 expenses 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 Req 2B Req 3 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 Complete a variable costing income statement for Presidio. Assume there w Presidio, Inc. Variable Costing Income Statement Contribution Margin Less: Fixed Costs Net Operating Income Req 2A Req 2B Req 3 Compute the difference in profit between full absorption costing and variable costing. Difference in Profit
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