PA5-5 (Algo) Comparing Full Absorption and Variable Costing [LO 55-1] Consider the following information for Presidio Inc.'s most recent year of operations. $ Number of units produced Number of units sold Sales price per unit Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($270,940 + 2,300 units) Total variable selling expenses ($13 per unit sold) Total fixed general and administrative expenses 2,300 1,450 620.00 60.00 90.00 40.00 117.80 19,850.00 73,000.00 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 ZA Req 2B Req3 Complete a full absorption costing income statement for Presidio. Assume there was no beginning inventory. Presidio, Inc. Full Absorption Income Statement Ending Inventory Cost of Goods Sold Cost of Goods Sold Gross Margin Less: Non-Manufacturing Expenses Ending Inventory Ending Inventory Cost of Goods Sold Cost of Goods Sold Net Operating Income PA5-5 (Algo) Comparing Full Absorption and Variable Costing [LO 55-1] Consider the following information for Presidio Inc.'s most recent year of operations. 2,300 1,450 620.00 60.00 90.00 40.00 Number of units produced Number of units sold Sales price per unit Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($270,940 + 2,300 units) Total variable selling expenses ($13 per unit sold) Total fixed general and administrative expenses 117.80 19,850.00 73,000.00 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 ZA Reg 28 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: Fixed Costs Net Operating Income PA5-5 (Algo) Comparing Full Absorption and Variable Costing [LO 5S-1) Consider the following information for Presidio Inc.'s most recent year of operations. $ 2,300 1,450 620.00 60.00 90.00 40.00 Number of units produced Number of units sold Sales price per unit Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($270,940 + 2,300 units) Total variable selling expenses ($13 per unit sold) Total fixed general and administrative expenses 117.80 18,850.00 73,000.00 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 ZA Req 2B Req3 Compute the difference in profit between full absorption costing and variable costing. Difference in Profit
