Bridget Ritt nghouse Homework: Chapter 6 Homework (25 points) Score: 0 of 6 pts E6-40A (similar to) HW Score: 7022%, 1756 of 2. 2 Assgned Meda Question Help The aneual data that follows pertain to See It, a manufacturer of swimming goggles (he company had no beginning invertony) E (Click the icon to view the data) Requireenents 1. Prepare both conventional (absorption costing) and coeibution margin (variable costing) income statements for See it for the year 2. Which statement showrs the higher operating income? Why? . The company marketing vice peesident beleves a new sales promotion that costs $135.000 would increase sales to 235,000 goggles Should the company go ahead with the promotion? Give your reason Requirement 1. Prepare both conventional (absorption costing) and contribution margh (vaiabile cosing) icme staents tor See i for the year Bein with the conventional(aebeorptlion costing) income statomen See I Income Statement (Absorption Costing) For the Year Ended December 31 6 Data Tabe s 9,307,000 6.129.000 178 000 41 Less Cost of goods sold Gross prof Less Operaing expenses Operaing income Sales price Variable manufacturing expense peS Sales commission expense per unit Fixed mandacharing overhead Fxed operating epenses Number of goggles produced Number of gopls sold 15 s 2 820 000 S 235,000 235 000 227000 Choose trom any list or enter any number in the input felds and then cick Check Answer 5 Pemsaning Print Done O Type here to search