Question: Required information Use the following information for the Quick Study below. ( Algo ) [ The following information applies to the questions displayed below. ]

Required information
Use the following information for the Quick Study below. (Algo)
[The following information applies to the questions displayed below.]
Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 6,050 rackets and sold 4,930. Each racket was sold at a price of $90. Fixed overhead costs are $78,650 per year, and fixed selling and administrative costs are $65,400 per year. The company also reports the following per unit variable costs for the year.
\table[[Direct materials,$12
 Required information Use the following information for the Quick Study below.

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