1. Prepare a departmental contribution to overhead report. 2. Based on contribution to overhead, should the electric guitar department be eliminated? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Based on contribution to overhead, should the electric guitar department be eliminated? Based on contribution to overhead, should the electric guitar department be eliminated? < Required 1 Required 2 > Below are departmental income statements for a guitar manufacturer. The company classifies advertising, rent, and utilities as indirect expenses. The manufacturer is considering eliminating its Electric Guitar department because it shows a loss. Advertising Departmental Income Statements For Year Ended December 31 Acoustic Sales $ 102,900 Electric $ 83,900 Cost of goods sold 45,475 47,250 Gross profit 57,425 36,650 Expenses 5,015 4,290 10,140 8,550 19,900 17,500 1,990 1,790 7,035 5,960 3,015 2,630 47,095 40,720 $ 10,330 $ (4,070) Depreciation-Equipment Salaries Supplies used Rent Utilities Total expenses Income (loss) 1. Prepare a departmental contribution to overhead report. 2. Based on contribution to overhead, should the electric guitar department be eliminated? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a departmental contribution to overhead report. Departmental Contribution to Overhead For Year Ended December 31 Acoustic Electric Combined Direct expenses Total direct expenses Departmental contribution to overhead $ 0 0 $ 0 0 0 $ 0 Required 1 Required 2 >