of 4 Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below) Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 6,950 rackets and sold 5,380. Each racket was sold at a price of $90. Fixed overhead costs are $90,350 per year, and fixed selling and administrative costs are $67,200 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 $ 12 B 5 2 OOK Hint QS 19.5 (Algo) Reporting inventory using variable costing LO P2 Compute the cost of ending finished goods inventory reported on the balance sheet using variable costing, Print Finished goods inventory under variable costing Direct labor Direct materials Variable overhead 12 5 erences $ 25 Product cost per unit Units in ending FG Inventory Finished goods inventory reported on balance sheet 5 ons 7 of 12 !!! %252Fims.mheducation.com%252Fmghmiddleware%2 mework Seved Help Sau 4 Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.) Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 6,950 rackets and sold 5,380. Each racket was sold at a price of $90. Fixed overhead costs are $90,350 per year, and fixed selling and administrative costs are $67,200 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 $ 12 8 5 2 QS 19.6 (Algo) Absorption costing income statement LO P2 Prepare an income statement under absorption costing ACES INCORPORATED Income Statement (Absorption Costing) aces 7 Part 4 Required information Use the following information for the Quick Study below. (Algo) The following information applies to the questions displayed below Aces incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 6.950 rackets and sold 5.380. Each racket was sold a price of $90 Fired overhead costs are 590,350 per year, and find selling and administrative costs are 507200 per year The company is reports the following per unit variable costs for the year Direct marerit Director Variable overhead Variable and administrative OS 19-7 (Algo) Reporting inventory using absorption costing LO P2 AS Compute the cost of ending finished goods inventory reported on the balance sheet using absorption costing PI Fished goods inventory under absorption costing Refe Prosit cost per unit Fished goods inventory reported on balance sheet 3 Next >
