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Required Information

Use the following Information for the Quick Study below $($Algo$)$

$[$The following information opplies to the questions disployed below$]$

Aces Incorporated, a manufacturer of tennls rackets, began operations thls year. The company produced $7,950$ rackets and sold $5,880.$ Each racket was sold at a pice of $$90.$ Fixed ovemead coats are $$103,350$ per year, and fixed selling and administrative costs are $$69,200$ per year. The company also teports the following per unit variable costs for the year:

Divet $-$itions

Dith $1$ hor

Writule overtude

$112$

$5$

$476$

QS $19-4($Algo$)$ Varlable costing Income statement LO P$2$

Prepare sn income statement under varibble costing.

Siteres

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