TB MC Qu. 19-125 (Algo) Ace Company is a manufacturer of... Ace Company...
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TB MC Qu. 19-125 (Algo) Ace Company is a manufacturer of...
Ace Company is a manufacturer of basketballs and began operations this year. The company produced 4,100 units and sold 3,550 units. Each basketball was sold at a price of $50. Fixed overhead costs are $51,000 per year, and fixed selling and administrative costs are $44,600 per year. The company also reports the following per unit variable costs for the year.
Direct materials
$ 8.00
per unit
Direct labor
$ 6.00
per unit
Variable overhead
$ 5.00
per unit
Variable selling and administrative expenses
$ 3.00
per unit
Compute income under variable costing.
Multiple Choice
$99,400
$95,600
$3,800
$67,157
$162,757
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