Homework Answers
Absorption Costing Statement for ACES INC.
IN $
| Sales Revenue | (4,400*85) | 374,000 |
| - Adjustment for Variable Cost- | ||
| Variable Product cost | (4,400*24.5) | (107,800) |
| Variable selling and admin expense | (4,400*1.5) | (6,600) |
|
Contribution |
259,600 | |
| Fixed Cost- | ||
| Overhead Cost | (68,750) | |
| Selling and Admin expense | (64,700) | |
| Net Profit | 126,150 | |
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Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 5,600 rackets...
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Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 6,700 rackets...
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Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 5,500 rackets and sold 4,400. Each racket was sold at a price of $85. Fixed overhead costs are $68,750, and fixed selling and administrative costs are $64.700. The company also reports the following per unit variable costs for the year. Variable product costs Variable selling and administrative expenses $ 24.50 $ 1.50 Prepare an income statement under variable costing ACES INC. Variable Costing Income Statement Net...
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Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 5,600 rackets and sold 4,500. Each racket was sold at a price of $86. Fixed overhead costs are $70,560, and fixed selling and administrative costs are $64,800. The company also reports the following per unit variable costs for the year: Variable product costs Variable selling and administrative expenses $24.60 $ 1.60 Prepare an income statement under absorption costing. ACES INC. Absorption Costing Income Statement Selling general...
Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 6,700 rackets and sold 5,600. Each racket was sold at a price of $97. Fixed overhead costs are $91,790, and fixed selling and administrative costs are $65,900. The company also reports the following per unit costs for the year: Variable production costs Variable selling and administrative expenses $25.70 2.70 Required Prepare an income statement under absorption costing. ACES INC. Absorption Costing Income Statement Cost of goods...
Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 5,900 rackets and sold 4,800. Each racket was sold at a price of $89. Fixed overhead costs are $76.110, and fixed selling and administrative costs are $65,100. The company also reports the following per unit costs for the year eBook Variable production costs Variable selling and administrative expenses $ 24.90 $ 1.90 Hint Print Required: Prepare an income statement under variable costing. References ACES INC. Variable...
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