Prepare an income statement under variable costing

7 ! Part 1 of 4 Required information Use the following information for the Quick Study below. (Algo) The following information applies to the questions displayed below.] 4.76 points Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 7,350 rackets and sold 5,580. Each racket was sold at a price of $90. Fixed overhead costs are $95,550 per year, and fixed selling and administrative costs are $68,000 per year. The company also reports the following per unit variable costs for the year. eBook Direct materials Direct labor Variable overhead Variable selling and administrative expenses $ 12 8 5 2 Hint QS 19-4 (Algo) Variable costing income statement LO P2 Print Prepare an income statement under variable costing. References ACES INCORPORATED Income Statement (Variable Costing)