Question
Number of units produced Number of units sold Sales price per unit 2,900 1,750 $ 680.00 55.00 Direct materials per unit Direct labor per
Number of units produced Number of units sold Sales price per unit 2,900 1,750 $ 680.00 55.00 Direct materials per unit Direct labor per unit 85.00 Variable manufacturing overhead per unit 35.00 Fixed manufacturing overhead per unit ($343,360 + 2,900 units) 118.40 Total variable selling expenses ($13 per unit sold) 22,750.00 Total fixed general and administrative expenses 79,000.00 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 Req 2B Req 3 Complete a full absorption costing income statement for Presidio. Assume there was no beginning inventory. Sales Cost of Goods Sold Presidio, Inc. Full Absorption Income Statement S 1,190,000 Gross Margin Less: Non-Manufacturing Expenses Variable Selling Expense Fixed General and Administrative Expense Net Operating Income
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