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Complete this question by entering your answers in the tabs below. What is the contribution margin from accepting the offer? (Note: A negative contribution margin negative number and will appear in parentheses.) Required information [The following information applies to the questions displayed below] Aces incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 6.550 rackets and sold 5,180. Each racket was sold at a price of $90. Fixed overhead costs are $85,150 per year, and fixed selling and administrative costs are $66,400 per year. The company also reports the following per unit variable costs for the year. Prepare an income statement under absorption costing. for many more workstations. Required: 1. Complete the following income statements using absorption costing. 2. Complete the following income statements using variable costing. 3. Which costing method, absorption or variable, yields the higher income when 320 workstations are produced and 300 are sold? Complete this question by entering your answers in the tabs below. Which costing method, absorption or variable, yields the higher income when 320 workstations are produced and 300 are sold? Which costing mothod, absorption or variable, yelds the higher income when 320 workstations are produced and 300 are sold? Complete the following income statements using variable costing. Required informotion [The following information applies to the questions displayed below.] Aces incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 6.550 rackets and sold 5,180. Each racket was sold at a pilce of $90. Fixed overhead costs are $85,150 per year, and fixed selling and administrative costs are $66,400 per year. The company also reports the following per unit variable costs for the year. Compute the cost of ending finished goods inventory reported on the balance sheet using absorption costing. Dane Company reports the information below. (a) Compute the contribution margin ratio for each sales territory. (b) Which sales territory performed better based on contribution margin ratio? Complete this question by entering your answers in the tabs below. Which sales territory performed better based on contribution margin ratio? Which sales territory performed better based on contribution margin ratio? Empire Airlines reports the following cost data for the year. The company flew 100 private flights during the year. A group has offered Empire \$11,300 for a private flight to Chicago for its members. (o) What is the contribution margin from accepting the offer? (b) Should the offer be accepted or rejected? Complete this question by entering your answers in the tabs below. Should the offer be accepted or rejected? Santana Rey expects sales of Business Solutions' line of computer workstation furniture to equal 300 workstations (at a sales price of $3,900 each) for 2021 . The workstations' manufacturing costs include the following. Selling and administrative expenses for these workstations follow. Santana is considering how many workstations to produce in 2021 . She is confident that she will be able to sell any workstations in her 2021 ending inventory during 2022 However. Santana does not want to overproduce as she does not have sufficient storage space for many more workstations. Required: 1. Complete the following income statements using absorption costing. 2. Complete the following income statements using variable costing. 3. Which costing method, absorption or variable, yields the higher income when 320 workstations are produced and 300 are sold? Complete this question by entering your answers in the tabs below. Complete the following income statements using absorption costing. Empire Airlines reports the following cost data for the year. The company flew 100 private flights during the year. A group has offered Empire $11,300 for a private flight to Chicago for its members. (a) What is the contribution margin from accepting the offer? (b) Should the offer be accepted or rejected? Complete this question by entering your answers in the tabs below. What is the contribution margin from accepting the offer? (Note: A negative contribution margin should be entered as a negative number and will appear in parentheses.) Dane Company reports the information below. (a) Compute the contribution margin ratio for each sales territory. (b) Which sales territory performed better based on contribution margin ratio? Complete this question by entering your answers in the tabs below. Compute the contribution margin ratio for each sales territory. Required 1 Required 2 Required 3 Complete the following income statements using absorption costing. \begin{tabular}{|l|l|l|} \hline Product cost per unit - Absorption costing & \multicolumn{2}{|c|}{ Production volume } \\ \hline & 300workstations \\ \hline & & \\ \hline & & \\ \hline Product cost per unit - Absorption costing & & \\ \hline Number of workstations sold & & \\ \hline Total cost of goods sold & & \\ \hline \multicolumn{2}{|c|}{ BUSINESS SOLUTIONS } & \\ \hline \end{tabular} BUSINESS SOLUTIONS Income Statements (Absorption Costing) Sales volume -300 Workstations Production volume 300320 workstations workstations \begin{tabular}{|l|l|l|l|} \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & $ & & \\ \hline \end{tabular}