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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
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 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 ($295,000 2,500 units) Total variable selling expenses ($15 per unit sold) Total fixed general and administrative expenses Req 2A 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. Req 2B $ Complete this question by entering your answers in the tabs below. Req 3 2,500 1,550 640.00 70.00 100.00 50.00 118.00 23,250.00 75,000.00 Presidio, Inc. Full Absorption Income Statement Complete a full absorption costing income statement for Presidio. Assume there was no beginning inventory.
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