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Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 5,800 rackets and sold 4,700. Each racket was sold at a
Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 5,800 rackets and sold 4,700. Each racket was sold at a price of $88. Fixed overhead costs are $74,240, and fixed selling and administrative costs are $65,000.
The company also reports the following per unit costs for the year:
Variable production costs $ 24.80
Variable selling and administrative expenses $ 1.80
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