Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 6,450 rackets and sold 5,130. Each racket was sold at a price of $90. Fixed overhead costs are $83,850 per year, and fixed selling and administrative costs are $66,200 per year. The company also reports the following per unit variable costs for the year. Direct materials Direct labor Variable overhead Variable selling and administrative expenses $ 12 2852 QS 19-4 (Algo) Variable costing income statement LO P2 Prepare an income statement under variable costing. ACES INCORPORATED Income Statement (Variable Costing)