A company reports the following per unit cost information for this year: Direct materials, $3.90, Direct labor, $5.30, Variable overhead costs, $2.50, Variable selling and administrative costs, $2.90. Fixed costs are $67,000 per year. The company sold 6,700 units for $32 per unit For next year, the company will use a new material, which will reduce direct materials cost to $3.60 per unit. The company will also ncrease its selling price to $38 per unit, which will decrease unit sales volume to 6,200 units. Fixed costs per year, direct labor cost er unit, variable overhead costs per unit, and variable selling and administrative expenses per unit will not change. Complete this question by entering your answers in the tabs below. equired 1 Required 2 mpute the contribution margin per unit when using the new material, increasing the selling price, and decreasing unit sales. e: Round "per unit answers to 2 decimal places. bution margin per unit orice per unit costs per unit materials With new material and i increased selling price

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Required information [The following information applies to the questions displayed below.] Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 6,850 rackets and sold 5,330. Each racket was sold at a price of $90. Fixed overhead costs are $89,050 per year, and fixed selling and administrative costs are $67,000 per year. The company also reports the following per unit variable costs for the year. Direct materials Direct labor Variable overhead Variable selling and administrative expenses Prepare an income statement under variable costing. ACES INCORPORATED Income Statement (Variable Costing) Sales Less: Variable expenses Variable cost of goods sold Vanable selling and administrative expenses Contribution margin Fixed overhead Fixed selling and administrative expenses 333 X x X > $ 89,050✔ 67,000 $479,700 335,790 $12 8 5 2 156,050 Income $ 179,740 "Red text indicates no response was expected in a cell or a formula-based calculation is…

Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 7,450 rackets and sold 5,630. Each racket was sold at a price of $90. Fixed overhead costs are $96,850 per year, and fixed selling and administrative costs are $68,200 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   Prepare an income statement under variable costing.