Beamish Incorporated, which produces a single product, has provided the following data for its most recent month of operations:   Number of units produced 1,100 Variable costs per unit:   Direct materials $ 56 Direct labor $ 49 Variable manufacturing overhead $ 7 Variable selling and administrative expense $ 8 Fixed costs:   Fixed manufacturing overhead $42,900 Fixed selling and administrative expense $81,400   There were no beginning or ending inventories. The absorption costing unit product cost was: $105 per unit   $151 per unit   $112 per unit   $233 per unit

Consider the following information for Presidio Inc.'s most recent year of operations. Number of units produced 2,800 1,700 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 ($331,240 + 2,800 units) Total variable selling expenses ($12 per unit sold) Total fixed general and administrative $ 670.00 50.00 80.00 30.00 118.30 20,400.00 78,000.00 expenses 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req 2A Req 2B Req 3 Complete a full absorption costing income statement for Presidio. Assume there…

The following data are available from the accounting records of Willow Creek Co. for the month ended May 31. During the accounting period, 17,000 units were manufactured and sold at a price of $60 per unit. There were no beginning inventories, and all units were completed (no work in process). Cost Manufacturing costs: Variable Fixed Total Total Total Cost Selling and administrative expenses: Variable ($2 per unit sold) Fixed $442,000 170,000 $612,000 Mai Number of Units 17,000 17,000 $34,000 32,000 $66,000 a. Prepare a variable costing income statement. Willow Creek Co. Variable Costing Income Statement For the Month Ended May 31 Unit Cost $26 10 $36 4

Locklear, Inc. reports the following information for the year ended December 31: Units sold Sales price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs 650 units $160 per unit $25 per unit $11 per unit $15 per unit $25 per unit $6 per unit $12,600 per year The operating income calculated using variable costing and absorption costing amounted to $9,100 and $10,300, respectively. There were no beginning inventories. Determine the total fixed manufacturing overhead that will be expensed under absorption costing for the year. OA. $32,500 B. $16,250 C. $17,450 D. $33,150