ch 18 q 10

OS 18-19B Varlable costing income statement LO P5 Aces Inc, a manufacturer of tennis rackets, began operations this year. The company produced 5,100 rackets and sold 4,000. Each racket was sold at a price of $81. Fixed overhead costs afe $61,710, and fixed tielling and administrative costs are $64,300. The company also reports the following per unit costs for the year: Required: Prepare an income statement under variable costing. ACES INC. Variable Costing Income Statement \begin{tabular}{|l|l|} \hline \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline Net incorne (loss) & \\ \hline \end{tabular}