chapter 19 question 6

QS 19-4 Absorption costing income statement LO P2 1.53 points Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 6,500 rackets and sold 5,400. Each racket was sold at a price of $95. Fixed overhead costs are $87,750, and fixed selling and administrative costs are $65,700. The company also reports the following per unit variable costs for the year: Skipped Variable product costs Variable selling and administrative expenses eBook $25.50 $ 2.50 Hint Prepare an income statement under absorption costing. Print References ACES INC. Absorption Costing Income Statement Question Viewer Selling general and administrative expenses ACES INC. Absorption Costing Income Statement Selling general and administrative expenses Net income (loss)