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try not to make it confusing Consider the following information for Presidio Inc.'s most recent year of operations. Additional information for Presidio's most recent year
try not to make it confusing
Consider the following information for Presidio Inc.'s most recent year of operations. Additional information for Presidio's most recent year of operations follows: Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Faced manufacturing overhead per unit ($246,960 +2,100 units) Total variable selling expenses ($11 per unit sold) Totalfoed general and administrative expenses 2,100 1,350 $ 600.00 50.00 80.00 30.00 117,60 14.850.00 71,000.00 Required: 2. Complete a full absorption costing income statement and a variable costing income statement for Presidio. Assume there was no beginning inventory Presidio, Inc. Full Absorption Income Statement Sales us 810,000 Less: Cost of Goods Sold Gross Margin Loss: Selling Expense General and Administrative Expenso General and Administrative Expense Net Operating Income Presidio, Inc. Contribution Margin Income Statement Contribution Margin Net Operating Income 3. Compute the difference in profit between full absorption costing and variable costing $ 88.200 Difference in Profit Step by Step Solution
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