QS 18-25B (Algo) Variable costing income statement LO P4 Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 5,100 rackets and sold 4,000 . Each racket was sold at a price of $81. Fixed overhead costs are $61,710 for the year, and fixed selling and administrative costs are $64,300 for the year. The company also reports the following per unit variable costs for the year. Required: Prepare an income statement under variable costing