BAC132-99 Little Summer 2020 Lielle Saad | 07/12/20 10:15 PM Homework: Chapter 21 Problems Save Score: 1.2 of 6 pts 1 of 2 (1 complete) HW Score: 10%, 1.2 of 12 pts W P21-30A (similar to) Question Help The 2018 data that follow pertain to Eli's Electric Eyewear, a manufacturer of swimming goggles. (Eli's Electric Eyewear had no beginning Finished Goods Inventory in January 2018.) Click the icon to view the data.) Read the requirements Selling and Administrative Costs 1,175,000 $ 4,565,000 i Data Table Operating Income Number of goggles produced 250,000 Prepare Eli's Electric Eyewear's contribution margin (variable costing) income statement for the year ended December 31, 2018. Ell's Electric Eyewear Income Statement (Variable Costing) Year Ended December 31, 2018 205.000 $ 38 7 Number of goggles sold Sales price per unit Variable manufacturing cost per unit Sales corrirmission cost per unit Fixed manufacturing overhead Fixed selling and administrative costs 5 750,000 150,000 Operating Income Print Done Choose from any list or enter any number in the input fields and then click Check Answer. ? parts 2 remaining Clear All Check Answer i Requirements on 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Eli's Electric Eyewear for the year ended December 31, 2018. 2. Which statement shows the higher operating income? Why? 3. Eli's Electric Eyewear's marketing vice president believes a new sales promotion that costs $70,000 would increase sales to 215,000 goggles. Should the company go ahead with the promotion? Give your reasoning. Print Done