Question: please help me fill in the table completely and figure out what goes in the blanks Check my wo Aces Inc., a manufacturer of tennis
please help me fill in the table completely and figure out what goes in the blanksCheck my wo Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 5,900 rackets and sold 4,800. Each racket was sold at a price of $89. Fixed overhead costs are $76,110, and fixed selling and administrative costs are $65,100. The company also reports the following per unit costs for the year Variable production costs Variable selling and administrative expenses 24.90 S 1.90 Required: Prepare an income statement under variable costing. ACES INC. Variable Costing Income Statement Sales 427.200 Less: Variable costs Variable production costs Variable overhead costs Variable selling and administrative expenses Total variable costs Contribution margin Prepare an income statement under variable costing ACES INC. Variable Costing Income Statement Sales 427,200 Less: Variable costs Variable production costs Variable overhead costs Variable selling and administrative expenses Total variable costs Contribution margin Less: Fixed expenses Fixed overhead costs 76,110 Fixed selling and administrative costs Total fixed expenses Net income (loss) 65,100 141,210
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