ch 18 q 11

QS 18-20B Absorption costing income statement LO P5 Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 6,800 rackets and sold 5,700 . Each racket was sold at a price of $98. Fixed overhead costs are $93,840, and fixed selling and administrative costs are $66,000. The company also reports the fottowing per unit costs for the year? Required: Prepare an income statement under absorption costing. Required: Prepare an income statement under absorption costina