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Presidio, Inc., produces one model of mountain bike. Partial information for the company follows: Required: 1. Complete Presidio's cost data table. 2. Calculate Presidio's contribution
Presidio, Inc., produces one model of mountain bike. Partial information for the company follows: Required: 1. Complete Presidio's cost data table. 2. Calculate Presidio's contribution margin ratio and its total contribution margin at each sales level indicated in the cost data table assuming the company sells each bike for $640. 3. Calculate net operating income (loss) at each of the sales levels assuming a sales price of $640. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Complete Presidio's cost data table. (Round your Cost per Unit answers to 2 decimal places.) 730 Units 810 Units 1,644 Units $ 182,500 Bikes Produced and Sold Total costs Variable costs Fixed costs per year Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 182,500 $ 0 $ 0 s 0.00 $ 556.00 $ 0.00 Consider the following information for Presidio Inc.'s most recent year of operations. Sambo units produced Sumber of units sold Sales price per unit Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Tixed manufacturing overhead per unit ($343,360 - 2.900 units) Total variable selling expenses ($13 per unit sold) Total fixed general and administrative expenses 2.900 1.750 680.00 55.00 85.00 35.00 118.40 9.750.00 29.000.00 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 Reg 3 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 Reg 2A Reg 2B Reg 3 Complete a variable costing income statement for Presidio. Assume the Presidio, Inc. Variable Costing Income Statement Contribution Margin Less: Fixed Costs Net Operating Income Req 2A Req 2B Reg 3 Compute the difference in profit between full absorption costing and variable costing Difference in Profit
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