aces incorporated

Aces incorporated, a manufacturer of tennis rackets began operations this year. The com sold 5,400. Each racket was sold at a price of $95. Fixed overhead costs are $87750 for the year and feeding administrative costs are $65.700 for the year. The company to reports the following per anstre OLrect materials $ 12.15 Direct Labor 9.15 Variable overhead 5.20 Variable selling and administrative expenses 2.50 Required: Prepare an income statement under variable costing ACES INCORPORATED Variable Costing Income Stament Income foss)