Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 5,200 rackets and sold 4,100. Each racket was sold at a price of $82. Fixed overhead costs are $63,440 and fixed selling and administrative costs are $64,400. The company also reports the following per unit variable costs for the year 9 $24.20 0148:23Variable selling and administrative s 1.20 Sapped expensesina Prepare an income statement under absorption costing. eBook ACES INC. Absorption Costing Income Statement Selling general and administrative expenses Net income (loss) Worksheet table Complete this question by entering your answers in the tabs below. Required 1 Required2 Determine the overhead cost assigned to each product line using the plantwide rate computed in requirement 1. (Round "OH rate" to 2 decimal places) Part Activity Driver Plantwide OH rate Total Overhead Cost A27C X828 Required 1 Required 2