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Required Information ! Required Information Use the following Informatlon for the Quick Study below. ( Algo ) [ The following information applies to the questions

Required Information !
Required Information
Use the following Informatlon 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 6,250 rackets
and sold 5,030. Each racket was sold at a price of $90. Fixed overhead costs are $81,250 per year, and fixed selling and
administrative costs are $65,800 per year. The company also reports the following per unit varlable costs for the year.
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 varlable costing. Required Information
Use the following Informatlon for the Qulck Study below. (Algo)
[The following information applles to the questions displayed below.]
Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 6,250 rackets
and sold 5,030. Each racket was sold at a price of $90. Fixed overhead costs are $81,250 per year, and fixed selling and
administrative costs are $65,800 per year. The company also reports the following per unit varlable costs for the year.
QS 19-6(Algo) Absorption costing income statement LO P2
Prepare an income statement under absorption costing. Required Information
Use the following Informatlon for the Qulck 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 6,250 rackets
and sold 5,030. Each racket was sold at a price of $90. Fixed overhead costs are $81,250 per year, and fixed selling and
administrative costs are $65,800 per year. The company also reports the following per unit varlable costs for the year.
QS 19-7(Algo) Reporting inventory using absorption costing LO P2
Compute the cost of ending finished goods inventory reported on the balance sheet using absorption costing.
Use the following Informatlon for the Qulck 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 6,250 rackets
and sold 5,030. Each racket was sold at a price of $90. Fixed overhead costs are $81,250 per year, and fixed selling and
administrative costs are $65,800 per year. The company also reports the following per unit varlable costs for the year.Direct labor 8
Variable overhead 5
Variable selling and administrative expenses 2QS 19-4(Algo) Variable costing income statement LO P2
Prepare an Income statement under varlable costing.
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