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Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 6 , 5 0 0 rackets and sold 5 , 4

Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 6,500 rackets and sold 5,400. Each racket was sold at a price of $95. Fixed overhead costs are $87,750 for the year, and fixed selling and administrative costs are $65,700 for the year. The company also reports the following per unit variable costs for the year:
\table[[Direct materials,$12.15
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