Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below] Aces Incorporated, a manufactures of tennis rackets, began operations this year. The company produced 6,150 rackets and sold 4,980. Each racket was sold at a price of $90. Fixed overhead costs are $79,950 per year, and foxed selling and administrative costs are $65,600 per year. The company also reports the following per unit vartable costs for the year. QS 19-4 (Algo) Variable costing income statement LO P2 Prepare an income statement under variable costing QS 19-4 (Algo) Variable costing income statement LO P2 Prepare an income statement under variable costing