QS 18-25B (Algo) Variable costing income statement LO P4 Aces Incorporated, a manufacturer...
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QS B Algo Variable costing income statement LO P Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced rackets and sold Each racket was sold at a price of $ Fixed overhead costs are $ for the year, and fixed selling and administrative costs are $ for the year. The company also reports the following per unit varlable costs for the year. Direct materials $ Direct labor Variable overhead Variable selling and administrative expenses Requlred: Prepare an Income statement under varlable costing. 
QS B Algo Variable costing income statement LO P
Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced rackets and sold
Each racket was sold at a price of $ Fixed overhead costs are $ for the year, and fixed selling and
administrative costs are $ for the year. The company also reports the following per unit varlable costs for the year.
Direct materials
$
Direct labor
Variable overhead
Variable selling and administrative expenses
Requlred:
Prepare an Income statement under varlable costing.
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