18-3 Prepare an income statement under variable costing.

Fixed overhead Units produced $160,000 20000 urtits Refer so Vijay Company'sdata in QS 19.1. Compate its production cost per unit under variable costing. os 1 Comp under followine bsorption t income income alue to Aces Inc, a manufacturer of temmis rackets, began operations this year. The company produced 6,000 rackets os 1 and sold 4,900. Each rackes was sold as a price of $90. Fixed overhead costs are $78,000 and fixed selling Varia and administrative costs are 565,200. The company also reports the following per unit costs for the year. state Prepare an income statement under variable costing $25.00 2.c0 Variable production costs Variable selling and zdminstrative expenses eturer of tennis rackets, began operations this year. The company preduced 6,000 rackets 0S ach racket was sold at a price of $90. Fixed overhead costs are $78,000 and fixed selling Ab ts are $65,200. The company also reports the following per unit costs for the year. ind ariable Aces Inc..F and sold tive cost icome statement under absorption costing variable production costs Variable seling and administrative expenses $25.00 2.00