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Required information [ The following information applies to the questions displayed below. ] Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The

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Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 7,550 rackets and sold 5,680. Each racket was sold at a price of $90. Fixed overhead costs are $98,150 per year, and fixed selling and administrative costs are $68,400 per year. The company also reports the following per unit variable costs for the year.
\table[[Direct materials,$12
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