Ch 19 Homework 0 Saved References Required information [The following information applies to the questions displayed below. ] Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 6,350 rackets and sold 5.080. Each racket was sold at a price of $90. Fixed overhead costs are $82,550 per year, and xed selling and administrative costs are $66,000 per year. The company also reports the following per unit variable costs for the year. Direct materials Direct labor Variable overhead Variable selling and administrative expenses Compute the cost of ending finished goods inventory reported on the balance sheet using absorption costing. Product oust per unit _ Finished goods inventory reported on balance sheet Ch 19 Homework 0 Saved References Required information [The following information applies to the questions displayed below. J Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 6,350 rackets and sold 5.080. Each racket was sold at a price of $90. Fixed overhead costs are $82,550 per year, and xed selling and administrative costs are $66,000 per year. The company also reports the following per unit variable costs for the year. Direct materials Direct labor Variable overhead variable selling and administrative expenses Prepare an income statement under variable costing. Ch 19 Homework 0 Saved 10 References Required information [The following information applies to the questions displayed below. ] Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 6,350 rackets and sold 5.080. Each racket was sold at a price of $90. Fixed overhead costs are $82,550 per year, and xed selling and administrative costs are $66,000 per year. The company also reports the following per unit variable costs for the year. Direct materials Direct labor Variable overhead Variable selling and administrative expenses Compute the cost of ending finished goods inventory reported on the balance sheet using variable costing. Product oust per unit _ Finished goods inventory reported on balance sheet