QS 19-3 Variable costing income statement LO P2 1.25 points Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 5,800 rackets and sold 4,700. Each racket was sold at a price of $88. Fixed overhead costs are $74.240 and fixed selling and administrative costs are $65,000. The company also reports the following per unit costs for the year Sapped Variable product costs Variable selling and administrative expenses $ 24.80 $ 1.00 Book Prepare an income statement under variable costing, ACES INC Variable Cesting income Statement ce