Required information Use the followlng Information 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 6,450 rackets and sold 5,130. Each racket was sold at a price of $90. Fixed overhead costs are $83,850 per year, and fixed selling and administrative costs are $66,200 per year. The company also reports the following per unit varlable costs for the year. QS 19.4 (Algo) Varlable costing Income statement LO P2 Prepare an income statement under varlable costing. Required Information Use the followling Information for the Qulck Study below. (Algo) [The following information applies to the questions displayed below.] Aces Incorporated, a manufacturer of tennis rackets, began operatlons this year. The company produced 6,450 rackets and sold 5,130. Each racket was sold at a price of $90. Fixed overhead costs are $83,850 per year, and fixed selling and administrative costs are $66,200 per year. The company also reports the following per unit varlable costs for the year. QS 19.5 (Algo) Reporting Inventory using varlable costing LO P2 Compute the cost of ending finished goods Inventory reported on the balance sheet using varlable costing. Required information Use the followling Information 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 6,450 rackets and sold 5,130. Each racket was sold at a price of $90. Fixed overhead costs are $83,850 per year, and fixed selling and administrative costs are $66,200 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 followling Information for the Qulek 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 6,450 rackets and sold 5,130 . Each racket was sold at a price of $90. Flxed overhead costs are $83,850 per year, and fixed selling and administrative costs are $66,200 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 absorptlon costing
