Question
Please help me with 2a,2b, and 3. Consider the following information for Presidio Inc.'s most recent year of operations. Number of units produced 2,600 Number
Please help me with 2a,2b, and 3.
Consider the following information for Presidio Inc.'s most recent year of operations.
Number of units produced 2,600
Number of units sold 1,550
Sales price per unit $ 760.00
Direct materials per unit 60.00
Direct labor per unit 90.00
Variable manufacturing overhead per unit 40.00
Fixed manufacturing overhead per unit ($309,920 2,600 units) 119.20
Total variable selling expenses ($15 per unit sold) 23,250.00
Total fixed general and administrative expenses 87,000.00
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.
Consider the following information for Presidio Inc.'s most recent year of operations. 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. Complete a full absorption costing income statement for Presidio. Assume there was no beginning inventory. Complete a variable costing income statement for Presidio. Assume there was no beginning inventory. Compute the difference in profit between full absorption costing and variable costingStep by Step Solution
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