QS 19-4 Absorption costing income statement LO P2 Aces Inc, a manufacturer of tennis rackets, began operations this year. The company produced 6700 rackets and cold 5,600. Each racket was sold at a price of $97. Fixed overhead costs are $91796 and fixed selling and administrative costs are $65.900. The company also reports the following per unit vantable costs for the year. Variable producten Variable sing and dative expenses 125.70 $ 2.70 Prepare an income statement under absorption costing. ACES INC Absorption Costing Income Statement Seling general and administrative expenses Net income