Consider the following information for Presidio Inc.'s most recent year of operations.
Number of units produced | 2,300 | |
Number of units sold | 1,450 | |
Sales price per unit | $ | 620.00 |
Direct materials per unit | 60.00 | |
Direct labor per unit | 90.00 | |
Variable manufacturing overhead per unit | 40.00 | |
Fixed manufacturing overhead per unit ($270,940 ÷ 2,300 units) | 117.80 | |
Total variable selling expenses ($13 per unit sold) | 18,850.00 | |
Total fixed general and administrative expenses | 73,000.00 | |
Required:
2-a. Complete a full absorption costing income statement for Presidio. Assume there was no beginning inventory.
2-b. Complete 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.
Consider the following information for Presidio Inc.'s most recent year of operations.
PA5-5 (Algo) Comparing Full Absorption and Variable Costing [LO 55-1] Consider the following information for Presidio Inc.'s most recent year of operations. $ Number of units produced Number of units sold Sales price per unit Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($270,940 + 2,300 units) Total variable selling expenses ($13 per unit sold) Total fixed general and administrative expenses 2,300 1,450 620.00 60.00 90.00 40.00 117.80 19,850.00 73,000.00...
Check my work Consider the following information for Presidio Inc.'s most recent year of operations. Number of units produced 2,780 Number of units sold Sales price per unit $ 770.ee Direct materials per unit 65.ee Direct labor per unit 95.00 Variable sanufacturing overhead per unit Fixed manufacturing overhead per unit ($322, 110 + 2,700 units) Total variable selling expenses ($10 per unit Sold) Total Fixed general and administrative expenses 88,000.00 16, Required: 2-0. Complete a full absorption costing income statement...
Consider the following information for Presidio Inc.'s most recent year of operations. Number of units produced 2,900 Number of units sold 1,700 Sales price per unit $ 790.00 Direct materials per unit 75.00 Direct labor per unit 105.00 Variable manufacturing overhead per unit 55.00 Fixed manufacturing overhead per unit ($346,550 ÷ 2,900 units) 119.50 Total variable selling expenses ($12 per unit sold) 20,400.00 Total fixed general and administrative expenses 90,000.00 Required: 2-a. Complete a full absorption costing income statement for...
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 Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($258,940 +2,200 units) Total variable selling expenses ($12 per unit sold) Total fixed general and administrative expenses 2,200 1,400 $ 610.00 55.00 85.00 35.00 117.70 16,800.00 72,000.00 Required: 2....
Return to question Consider the following information for Presidio Inc.'s most recent year of operations. Additional information for Presidio's most recent year of operations follows: 2,400 $ Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Pixed manufacturing overhead per unit ($282,960 - 2,400 units) Total variable selling expenses ($14 per unit sold) Total fixed general and administrative expenses 1,500 630.00 65.00 95.00 45.00 117.90...
The following information pertains to the first year of operation for Crystal Cold Coolers Inc.: Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($203,000/2,900 units) Total variable selling expenses ($11 per unit sold) Total fixed general and administrative expenses 2,900 2,400 340 60 $ 40 $ 13 $ 79 $ 26,400 $ 65,000 Required: Prepare Crystal Cold's full absorption...
The following information pertains to the first year of operation for Crystal Cold Coolers Inc. Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($225,000 3,000 units) Total variable selling expenses (515 per unit sold) Total fixed general and administrative expenses 3.000 2,500 $ 350 $ 80 $ 60 $ 10 $ 75 $ 37,500 $ 65,000 Required: Prepare Crystal...
The following information pertains to the first year of operation for Crystal Cold Coolers Inc.: Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($188,500/2,900 units) Total variable selling expenses ($12 per unit sold) Total fixed general and administrative expenses is as it is as 2,900 2,500 355 70 60 14 65 $ 30,000 $ 59,000 Required: Prepare Crystal Cold's...
The following information pertains to the first year of operation for Crystal Cold Coolers Inc.: Number of units produced 3,000 Number of units sold 2,400 Unit sales price $ 335 Direct materials per unit $ 55 Direct labor per unit $ 50 Variable manufacturing overhead per unit $ 13 Fixed manufacturing overhead per unit ($195,000/3,000 units) $ 65 Total variable selling expenses ($13 per unit sold) $ 31,200 Total fixed general and administrative expenses $ 60,000 Required: Prepare Crystal...
The following information pertains to the first year of operation for Crystal Cold Coolers Inc.: 3,000 2,600 335 55 Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($240,000/3,000 units) Total variable selling expenses ($14 per unit sold) Total fixed general and administrative expenses 60 14 80 $ 36,400 $ 64,000 A tA A A A A A Full Absorption...