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. Number of units produced 2,500 Number of units sold 1,500 Sales price per unit $ 750.00 Direct materials per unit 55.00 Direct labor per unit 85.00 Variable manufacturing overhead per unit 35.00 Fixed manufacturing overhead per unit ($297,750 + 2,500 units) 119.10 Total variable selling expenses ($14 per unit sold) 21,000.00 Total fixed general and administrative expenses 86,800.00 Required: 2-0. 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 2A Reg 2B 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 Complete this question by entering your answers in the tabs below. Req 2A 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 Complete this question by entering your answers in the tabs below. Req 2A Req 2B Req3 Compute the difference in profit between full absorption costing and variable costing. Difference in Profit