Question: complete a variable costing income statement for Presidio. assume there was no beginning inventory. Number of units produced 2,000 Number of units sold 1,300 Sales

complete a variable 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. Number of units produced 2,000 Number of units sold 1,300

Number of units produced 2,000 Number of units sold 1,300 Sales price per unit 650.00 Direct materials per unit 60.00 Direct labor per unit 90.00 Variable manufacturing overhead per unit 40.00 Fixed manufacturing overhead per unit ($235,000 + 2,000 units) 117.50 Total variable selling expenses ($10 per unit sold) 13,000.00 Total fixed general and administrative expenses 70,000.00 Required: 2-a. Complete a full absorption costing income statement for Presidio 2-b. Complete a variable costing income statement for Presidio. Assun 3. Compute the difference in profit between full absorption costing an Complete this question by entering your answers in the tabs bel Reg 2A Req 2B Req3 Complete a variable costing income statement for Presidio. Assume there Presidio, Inc. Variable Costing Income State Complete a variable costing income statement for Presidio. Assume ther Presidio, Inc. Variable Costing Income Statement Sales Variable Cost of Goods Sold $ 845,000 Contribution margin Less: Fixed Costs Net Operating Income

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!