9/10/13

Check my work 9 Required information Part 3 of Use the following information for the Quick Study below. (Algo) (The following information applies to the questions displayed below.] points Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 6,650 rackets and sold 5,230. Each racket was sold at a price of $90. costs are $86,450 per year, and fixed selling and administrative costs are $66,600 per year. The company also reports the following per unit variable costs for the year. Direct materials Variable overh Variable selling and administrative expenses 7 19 10 QS 19-6 (Algo) Absorption costing income statement LO P2 Prepare an income statement under absorption costing eferences ACES INCORPORATED Income Statement (Absorption Costing) Sales $ 470,700 Cost of goods sold Gross profit 470,700 Selling and administrative expenses Income 470,700 Check my work 10 Required information art 4 of 4 Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] 0.95 points Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company ,650 rackets an sold 5,230. Each racket wa each racket was sold at a price of Skipped costs are $86,450 per year, and fixed selling and administrative costs are $66,600 per year. The company also reports the following per unit variable costs for the year. Direct materials Book Variable overhear Variable selling and administrative expenses QS 19-7 (Algo) Reporting inventory using absorption costing LO P2 Compute the cost of ending finished goods inventory reported on the balance sheet using absorption costing. References Finished goods inventory under abs duct cost per unit Finished goods inventory reported on balance sheet Check my work 13 Required information Part 1 of Use the following information for the Quick Study below. (Algo) The following information applies to the questions displayed below.] 0.95 points A manufacturer reports the following. Sales Variable cost of goods sold 808, 60 231 , 080 Boo Variable selling and administrative expenses 179, 608 Fixed selling and administrative expenses 69 , 080 QS 19-16 (Algo) Compute contribution margin LO P2 Compute contribution margin. Contribution Margin Sales Variable cost of goods sold Variable selling and administrative expenses Contribution margin Compute the contribution margin ratio Contribution margin ratio %