Vintage Company reports the following information Direct materials $ 9.30 per unit Direct labor $ 19.30 per unit Units produced 13,000 units Variable overhead $ 9.30 per unit Fixed overhead $ 94,900 per year QS 21-24B (Algo) Computing unit cost under variable costing LO P4 Compute its product cost per unit under variable costing. (Round your final answer to 2 decimal places.) Using variable costing: Per unit Product cost per unit Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 6.500 rackets and sold 5.000 Each racket was sold at a price of $91. Fixed overhead costs are $79.910 for the year and food selling and administrative costs are $65,300 for the year. The company also reports the following per unit variable costs for the year. Direct materials $ 12.03 Direct labor 0.03 Variable overhead 5.04 Variable selling and administrative expenses 2.10 Required: Prepare an income statement under variable costing ACES INCORPORATED Income Statement (Variable Coating) Income doss Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 5.200 rackets and sold 300 Each racket was sold at a price of $82.Fixed overhead costs are $63,440 for the year, and foedseling and administrative costs are $64.400 for the year. The company also reports the following per unit variable costs for the year Direct materials $11.75 Direct labor 7.76 Variable overhead 4.68 Variable selling and administrative expenses Required: Prepare an income statement under absorption costing. 1.20 ACES INCORPORATED Income Statement (Absorption Costing)