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Complete a full absorption costing income statement

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Reference no: EM131781699

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   2,000
Number of units sold   1,300
Unit sales price $ 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

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.

Reference no: EM131781699

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