03/22/19

QS 19-3 Variable costing income statement LO P2 Aces Inc, racket was sold at a price of $90. Fixed overhead costs are $78,000, and fixed selling and administrative costs are $65,200. The company also reports the following per unit variable costs for the year a manufacturer of tennis rackets, began operations this year. The company produced 6,000 rackets and sold 4,900. Each Variable product costs Variable selling and administrative expenses $25.00 2.00 Prepare an income statement under variable costing Variable Costing Income Statement Net income (loss)