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 $ 24.50
variable selling and administrative expenses $ 1.50

prepare an income statement under absorption costing.

aces inc.
absorption costing income statement
sales $374,000
less: variable costs
variable production costs
fixed overhead costs
cost of goods sold
gross margin
selling general and administrative expenses
fixed selling and administrative costs
variable selling and administrative expenses
net income (loss)

Following is a list of various costs incurred in producing replacement automobile parts. with respect to the production and sale of these auto parts, classify each cost as either variable costs, fixed costs, or mixed costs. 1. oil used in manufacturing equipment 2. plastic 3. property taxes, $165,000 per year on factory building and equipment 4. salary of plant manager 5. cost of labor for hourly workers 6. packaging 7. factory cleaning costs, $6,000 per month 8. metal 9. rent on warehouse, $10,000 per month plus $25 per square foot of storage used 10. property insurance premiums, $3,600 per month plus $0.01 for each dollar of property over $1,200,000 11. straight-line depreciation on the production equipment 12. hourly wages of machine operators 13. electricity costs, $0.20 per kilowatt-hour 14. computer chip (purchased from a vendor) 15. pension cost, $1.00 per employee hour on the job

What is a sort of auction for stocks in which traders verbally submit their offers?

1  2  3  4  5  6  7  8  9  10time remaining59: 30in  the dark game, how does the author develop the central idea that elizabeth van lew was a spymaster during the civil war? 1 2 3 4 5 6 7 8 9 10time remaining59: 30in the dark game, how does the author develop the central idea that elizabeth van lew was a spymaster during the civil war?