Chapter 19 Homework value 10.00 points Aces Inc., a manufacturer of tennis racke

Question

Chapter 19 Homework value 10.00 points Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 6,000 rackets and sold 4,900. Each racket was sold at a price of $90. Fixed overhead costs are $78,000 and fixed seling and administrative costs are $65.200. The company also reports the following per unit costs for the year Variable production costs Variable selling and administrative expenses S25.00 S 2.00 Required: Prepare an income statement under variable costing ACES INC. Variable Costing Income Statement ales $ 441,000 ess Variable costs Variable production costs Variable selling and administrative expenses otal variable costs ontribution margin ess: Fixed expenses Fixed selling and administrative costs Net income (loss) References eBook & Resources Expanded table Difficulty 2 Medium Check my work

Explanation / Answer

Aces Inc. Company Income statement - Variable costing Sales - (4900*90 441000 Variable cost : Variable production cost ( 4900 *25) 122500 Variable selling and administrative expenses (4900 *2) 9800 Total variable expenses 132300 Contribution margin 308700 Fixed expenses :    Fixed overhead 78000    Fixed selling and administrative expenses 65200 Total fixed expenses 143200 Net income 165500

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.