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 Presidio's most recent year of operations follows: Number of units produced 2,600 Number of units sold 1,550 Unit sales price 760.00 Direct materials per unit 60.00 Direct labor per unit 90.00 Variable manufacturing overhead per 40.00 unit Fixed manufacturing overhead per unit 119.20 ($309,920 +2,600 units) Total variable selling expenses ($15 per 23.250.00 unit sold) Total fixed general and administrative 87.000.00 expenses 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 Less: Cost of Goods Sold Gross Margin 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. Difference in Profit Diference in 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 Presidio's most recent year of operations follows: Number of units produced 2,600 Number of units sold 1,550 Unit sales price 760.00 Direct materials per unit 60.00 Direct labor per unit 90.00 Variable manufacturing overhead per 40.00 unit Fixed manufacturing overhead per unit 119.20 ($309,920 +2,600 units) Total variable selling expenses ($15 per 23.250.00 unit sold) Total fixed general and administrative 87.000.00 expenses 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 Less: Cost of Goods Sold Gross Margin 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. Difference in Profit Diference in