Chapter 19 Homework value 10.00 points Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 6,000 rackets and sold 4,900. Each racket was sold at a price of $90. Fixed overhead costs are $78,000 and fixed seling and administrative costs are $65.200. The company also reports the following per unit costs for the year Variable production costs Variable selling and administrative expenses S25.00 S 2.00 Required: Prepare an income statement under variable costing ACES INC. Variable Costing Income Statement ales $ 441,000 ess Variable costs Variable production costs Variable selling and administrative expenses otal variable costs ontribution margin ess: Fixed expenses Fixed selling and administrative costs Net income (loss) References eBook & Resources Expanded table Difficulty 2 Medium Check my work