Consider the following information for Presidio Incorporated's most recent year of operations.Number of units producedNumber of units soldSales price per unitDirect materials per unitDirect labor per unitVariable manufacturing overhead per unitFixed manufacturing overhead per unit ($307,060 ÷ 2,600 units)Total variable selling expenses ($10 per unit sold)Total fixed general and administrative expenses2,6001,600$ 650.0075.00105.0055.00118.1016,000.0076,000.00Required:2-a. Complete a full absorption costing income statement for Presidio. Assume there was no beginning inventory.2-b. Complete a contribution margin 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 2AReq 2BReq 3Complete a full absorption costing income statement for Presidio. Assume there was no beginning inventory.Presidio, IncorporatedFull Absorption Income StatementSalesCost of Goods SoldGross MarginLess: Non-Manufacturing Expenses$ 1,040,000Net Operating Income< Req 2AReq 2B >

Name: Consider the following information for Presidio Incorporated's most r
Uploaded: 2024-03-20T06:32:49.000Z
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Description: Consider the following information for Presidio Incorporated's most recent year of operations.Number of units producedNumber of units soldSales price per unitDirect materials per unitDirect labor per unitVariable manufacturing overhead per unitFixed