exhon con=con external browser wunchalahttp%253A%252F%252Fm meducation.com%252Fmghiddleware Ch 19. Homework ved 4 153 Dont . Required information [The following information applies to the questions displayed below Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 6 950 rackets and sold 5,380 Each racket was sold at a price of $90. Fixed overhead costs are $90,350 per year and fixed selling and administrative costs are $67,200 per year. The company also reports the following per unit Variable costs for the year Direct ateriat 512 Direct labor Variable overhead Variable selling and dinistrative expenses Book Hint Prepare an income statement under variable costing rence ACES INCORPORATED Income Statement Variable Costino) Sales es Variable expenses Variable cost of goods sold Variable selling and administrative expenses $ 434200 Contribution margin Less Fedexpenses Flad overhead Flad selling and administrative expenses income exhon con=con external browser wunchalahttp%253A%252F%252Fm meducation.com%252Fmghiddleware Ch 19. Homework ved 4 153 Dont . Required information [The following information applies to the questions displayed below Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 6 950 rackets and sold 5,380 Each racket was sold at a price of $90. Fixed overhead costs are $90,350 per year and fixed selling and administrative costs are $67,200 per year. The company also reports the following per unit Variable costs for the year Direct ateriat 512 Direct labor Variable overhead Variable selling and dinistrative expenses Book Hint Prepare an income statement under variable costing rence ACES INCORPORATED Income Statement Variable Costino) Sales es Variable expenses Variable cost of goods sold Variable selling and administrative expenses $ 434200 Contribution margin Less Fedexpenses Flad overhead Flad selling and administrative expenses income