QS 5-25B (Algo) Variable costing income statement LO P4 Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 6,300 rackets and sold 5,200 . Each racket was sold at a price of $93. Fixed overhead costs are $83,790 for the year, and fixed selling and administrative costs are $65,500 for the year. The company also reports the following per unit variable costs for the year. Required: Prepare an income statement under variable costing