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TB MC Qu. 19-125 (Algo) Ace Company is a manufacturer of... Ace Company...

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Accounting

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

Answer & Explanation Solved by verified expert
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