Ace Company is a manufacturer of basketballs and began operations this year. The company produced 3,000 units and sold 2,450 units Each basketball was sold at a price of $45. Fixed overhead costs are $39,000 per year, and fixed selling and administrative costs are $32,600 per year. The company also reports the following per unit variable costs for the year. Direct materials $6.00 per unit Direct labor Variable overhead Variable selling and administrative expenses Compute income under variable costing Multiple Choice O $77175 $ 4.00 per unit $ 2.50 per unit $1.00 per unit < Prev 19 of 45 Next >