Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 05 May 2018 My Price 5.00

Aces Inc

Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 6,200 rackets and sold 5,100. Each racket was sold at a price of $92. Fixed overhead costs are $81,840 and fixed selling and administrative costs are $65,400. The company also reports the following per unit costs for the year:

 

  

 

     
  Variable production costs $ 25.20
  Variable selling and administrative expenses $ 2.20
 

 

  

 

Required:
Prepare an income statement under variable costing.

 

Answers

(5)
Status NEW Posted 05 May 2018 05:05 PM My Price 5.00

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