Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] Aces incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 6,050 rackets and sold 4,930. Each racket was sold at a price of $90. Fixed overhead costs are $78,650 per year, and fixed selling and administrative costs are $65,400 per year. The company also reports the following per unit variable costs for the year. QS 19-4 (Algo) Variable costing income statement LO P2 Prepare an income statement under variable costing. QS 19-4 (Algo) Variable costing income statement LO P2 Prepare an income statement under variable costing