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
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$99,400
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$95,600
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$3,800
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$67,157
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$162,757
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