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is this correct. i keep confusing myself. Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 6,800 rackets and sold
is this correct. i keep confusing myself.
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 year selling and administrative costs are $66,000. The company also reports the following per unit costs for the Variable production costs Variable selling and administrative expensesS 280 $25.80 Required: Prepare an income statement under variable costing ACES INC. Variable Costing Income Statement Sales 558,600 Less: Variable costs Variable production costs Variable selling and administrative expenses s 147.060 78,990 Total variable costs Contribution margin Less: Fixed expenses 226,050 332,550 Fixed selling and administrative costs Fixed overhead costs $ 15,960 66,000 Tolal fixed expenses Net income loss) 81,960 S 250,920 O Type here to searchStep by Step Solution
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