5 Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 6,200 rackets and sold 5,300. Each racket was sold at a price of $92. Fixed overhead costs are $81,840, and fixed selling and administrative costs are $65,400. The company also reports the following per unit costs for the year poin Variable production costs Variable selling and administrative exp $25.201 2.201 Prepare an income statement under absorption costing ebook Required: tab caps lock ACES INC Absorption Costing income ta Variable co Vrabie production Com of goods 2000 54 #3 00 7 2 Q W E S A N D 138740 320400 1040 e " 347241 15 % ^ & 6 47 R T Y X C alt control option command > +00 1 9 0 G H J K B N M O P 9 comm