Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 6 , 9
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Question:
Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced rackets and sold Each racket was sold at a price of $ Fixed overhead costs are $ per year, and fixed selling and administrative costs are $ per year. The company also reports the following per unit variable costs for the year.
Direct materials $
Direct labor
Variable overhead
Variable selling and administrative expenses
Prepare an income statement under variable costing.
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