Question: Make sure you answer for requirement 1, 2 , and 3. Consider the following information for Presidio Inc.'s most recent year of operations. Number of
Make sure you answer for requirement 1, 2 , and 3.
Consider the following information for Presidio Inc.'s most recent year of operations. Number of units produced 2,300 Number of units sold 1,450 Sales price per unit $ 620.00 Direct materials per unit 60.00 Direct labor per unit 90.00 Variable manufacturing overhead per unit 40.00 Fixed manufacturing overhead per unit ($270,940 117.80 + 2,300 units) Total variable selling expenses ($13 per unit sold) 18,850.00 Total fixed general and administrative expenses 73,000.00 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
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