Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Check my work Consider the following information for Presidio Inc.'s most recent year of operations. Number of units produced 2,780 Number of units sold Sales

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Check my work Consider the following information for Presidio Inc.'s most recent year of operations. Number of units produced 2,780 Number of units sold Sales price per unit $ 770.ee Direct materials per unit 65.ee Direct labor per unit 95.00 Variable sanufacturing overhead per unit Fixed manufacturing overhead per unit ($322, 110 + 2,700 units) Total variable selling expenses ($10 per unit Sold) Total Fixed general and administrative expenses 88,000.00 16, 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 2 Reg 28 Reg Complete a full absorption costing income statement for Presidio. Assume there was no beginning inventory Presidio, Inc. Full Absorption Income Statement TI Gross Margin Less Non-Manufacturing Expenses S Check my world Total Fixed general and administrative expenses . strative expenses #s, www.be 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. Reg 2A Reg 2B Reg 3 Ti Complete a full absorption costing income statement for Presidio. Assume there was no beginning inventory. erences Presidio, Inc Full Absorption Income Statement ILI Gross Margin Less: Non-Manufacturing Expenses TILL III TI III Net Operating income Reg 2 > Check my work Total fixed general and administrative expenses 88,000.00 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 Reg 3 Complete a variable costing income statement for Presidio. Assume there was no beginning inventory. ences Presidio, Inc. Variable Costing Income Statement IMTI LU Contribution Margin Less: Fixed Costs Net Operating Income Check my work Consider the following information for Presidio Inc.'s most recent year of operations Number of units produced 2,700 Number of units sold 1.600 Sales price per unit 270.00 Direct materials per unit 65.ee Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit (322,119 119. + 2,700 units) Total variable selling expenses ($10 per unit 16,000.00 sold) Total fixed general and administrative expenses 88,600.ee 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 Roq ZA Reg 2B Roq 20 Reg 3 Req3 Compute the difference in profit between full absorption costing and variable costing. Difference in Profit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Reporting, Analysis And Decision Making

Authors: Shirley Carlon

6th Edition

0730363279, 9780730363279

More Books

Students also viewed these Accounting questions