. 18, 19 not timed Help Save& Exit Submit Saved Aces price of $82 unit instrative costs are $64,400. The company also reports the following per a manufacturer of tennis rackets, began operations this year. The y produced 5,200 rackets and sold 4,100. Each racket was sold at a %. Fixed overhead costs are $63,440 and fixed selling and unit variable costs for the year $24.20 Variable product costs Variable selling and administrative expenses ? 1.20 Prepare an income statement under absorption costing. ACES INC. Absorption Costing Income Statement Selling general and administrative expenses Net income (loss)