er of tennis rackets. began operations this year. The company produced 6,000 Inc., a a4900. Each racket was sold at a price of $90. Fixed overhead costs are $78.000, and fixed akets and administrative costs are $65.200. The company also reports the following per unit variable so Prepare an income statement under absorption costing. for the year. costs for the year. Variable product costs... Variable selling and administrative expenses. $25.00 2.00