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QS 6-3 Variable costing income statement LO P2 Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 5,100 rackets and
QS 6-3 Variable costing income statement LO P2 Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 5,100 rackets and sold 4,000. Each racket was sold at a price of $81. Fixed overhead costs are $61.710 and fixed selling and administrative costs are $64,300. The company also reports the following per unit costs for the year. $ 24.12 Variable product costs Variable selling and administrative expenses Prepare an income statement under variable costing. ACES INC Variable Costing Income Stateme Net income loss)
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