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Consider the following information for Presidio Inc.'s most recent year of operations. Number of units produced 2,900 Number of units sold 1,750 Sales price per

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Consider the following information for Presidio Inc.'s most recent year of operations. Number of units produced 2,900 Number of units sold 1,750 Sales price per unit $ 680.00 Direct materials per unit 55.00 Direct labor per unit 85.00 Variable manufacturing overhead per unit 35.00 Fixed manufacturing overhead per unit ($343,360 118.40 2,900 units) Total variable selling expenses ($13 per unit sold) 22,750.00 Total fixed general and administrative expenses 79,000.00 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. 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 Sales $ 1,190,000 Cost of Goods Sold Gross Margin Less: Non-Manufacturing Expenses Net Operating Income Req 2A Req 2B Req 3 Complete a variable costing income statement for Presidio. Assume there was no beginning inventory. Presidio, Inc. Variable Costing Income Statement Sales Contribution Margin Less: Fixed Costs Net Operating Income

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