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Ace Company is a manufacturer of basketballs and began operations this year. The company produced 3,600 units and sold 3,050 units. Each basketball was sold
Ace Company is a manufacturer of basketballs and began operations this year. The company produced 3,600 units and sold 3,050 units. Each basketball was sold at a price of $45. Fixed overhead costs are $46,00 per year, and fixed selling and administrative costs are $39,600 per year. The company also reports the following per unit variable costs for the year. Direct materials $ 6.00 per unit Direct labor $ 4.00 per unit Variable overhead $ 3.00 per unit Variable selling and administrative expenses $ 1.00 per unit Compute income under variable costing
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