PA5-5 Comparing Full Absorption and Variable Costing [LO 5S-1] Consider the following information for Presidio Inc.'s most recent year of operations. Additional information for Presidios most recent year of operations follows: 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. Complete a full absorption costing income statement and 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. check my workreferencesebook & resources 2015 McGraw-Hill Education. All rights reserved. Requires a modern browser - e.g. Safari 1, Netscape 6 or IE 5