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Business, 12.08.2021 01:10 trobbie817

Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 5,400 rackets and sold 4,300. Each racket was sold at a price of $84. Fixed overhead costs are $66,960, and fixed selling and administrative costs are $64,600. The company also reports the following per unit costs for the year: Variable product costs 24.40
Variable selling and administrative expenses $1.40

Required:
Prepare an income statement under variable costing.

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Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 5,400...
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