Business
Business, 12.03.2020 02:30, elizabethivy75

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 2,100 Number of units sold 1,300 Sales price per unit $ 710.00 Direct materials per unit 60.00 Direct labor per unit 90.00 Variable manufacturing overhead per unit 40.00 Fixed manufacturing overhead per unit ($249,270 ÷ 2,100 units) 118.70 Total variable selling expenses ($10 per unit sold) 13,000.00 Total fixed general and administrative expenses 82,000.00 Required :2. Complete a full absorption costing income statement and a variable costing income statement for Presidio. Assume there was no beginning inventory. Presidio, Inc. Full Absorption CostingIncome StatementSales ? ?Less: Cost of Goods Sold ? ?Beginning Inventory ? ?Cost of Goods Manufactured ? ?Cost of Goods Available for Sale ? ?Ending Inventory ? ?Cost of Goods Sold ? ?Gross Margin ? ?Less: Non-Manufacturing Expeses ? ?Fixed General and Administrative Expense? ?Variable Selling Expenses ? ?Net Operating Income ? ?Presidio, Inc. Variable CostingIncome StatementSales ? ?Less: Variable Cost of Goods Sold ? ?Beginning Inventory ? ?Cost of Goods Available for Sale ? ?Ending Inventory ? ?Variable Cost of Goods Sold ? ?Variable Selling Expense ? ?Contribution Margin ? ?Less: Fixed Costs ? ?Fixed General and Administrative Expense ? ?Fixed Manufacturing Overhead ? ?Net Operating Income ? ?Compute the difference in profit between full absorption costing and variable costing. difference in profit = ??

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Consider the following information for Presidio Inc.'s most recent year of operations. Additional in...

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