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Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The...

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Accounting

Aces Incorporated, 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 per year, and fixed selling and administrative costs are $65,200 per year. The company also reports the following per unit variable costs for the year.
Direct materials $ 12
Direct labor 8
Variable overhead 5
Variable selling and administrative expenses 2
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