Reference no: EM132904645
Question - Consider the following information for Presidio Inc.'s most recent year of operations.
Number of units produced 2,800
Number of units sold 1,650
Sales price per unit $780.00
Direct materials per unit 70.00
Direct labor per unit 100.00
Variable manufacturing overhead per unit 50.00
Fixed manufacturing overhead per unit ($334,320 ÷ 2,800 units) 119.40
Total variable selling expenses ($11 per unit sold) 18,150.00
Total fixed general and administrative expenses 89,000.00
Required -
a. Complete full absorption costing income statement for Presidio. Assume there was no beginning inventory.
b. Complete variable costing income statement for Presidio. Assume there was no beginning inventory.
c. Compute the difference in profit between full absorption costing and variable costing.
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