MOMTxam 28(40 ph MC Qu. 131 Aces, Inc., a manufacturer of tennis racket.. Aces, Inc., a manufacturer of tennis rackets, began operations this year The company produced 6,000 rackets and sold a,900 At yoar end, the company reported the following income statement using absorption cosing Sales (4,900 90 $254 Seling and oministrative expenses Production costs per tennis racket sotal $38 which consists of $25 in vonable production costs and $13 in fowed production costs (based on the 6.000 unts produced) Ten percent of sotal selling and administrative expenses are varable Compute net income under variable costing O $194 300 O $165.500 O $311000 O 5240500 O $233000 Ciri