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can you write the calculations for both income statements where those numbers coming from thanks The 2018 data that follow pertain to Sam's Superb Eyewear,
can you write the calculations for both income statements where those numbers coming from thanks
The 2018 data that follow pertain to Sam's Superb Eyewear, a manufacturer of swimming goggles. (Sam's Superb Eyewear had no beginning Finished Goods Inventory in January 2013.) Click the icon to view the date.) Read the requirements * Requirements - X Begin by preparing Sam's Superb Eyewear's conventional (abs Sam's Superb Eyewear 1. Prepare both conventional (absorption costing) and contribution margin Income Statement (Absorption Costing) (variable costing) income statements for Sam's Superb Eyewear for the year ended December 31, 2018. Year Ended December 31, 2018 2. Which statement shows the higher operating income? Why? Net Sales Revenue S 3,630.000 3. Sam's Superb Eyewear's marketing vice president believes a new sales 2.750.000 Cost of Goods Sold promotion that costs $120.000 would increase sales to 120.000 goggles. Should the company go ahead with the promotion? Give your reasoning. Gross Profit 880,000 Selling and Administrative Costs 550.000 Print Done S 330.000 Operating Income Prepare Sam's Superb Eyewear's contribution margin (variable costing) income statement for the year ended December 31, 2018. Sam's Superb Eyewear Income Statement (Variable Costing) * Data Table Year Ended December 31, 2018 Net Sales Revenue $ 3.630,000 Variable Costs 16500000 Number of goggles produced 140.000 Contribution Margin 880000 Number of goggles sold 110.000 Fixed Costs 220000 Sales price per unit 33 15400000 15 Operating Income Variable manufacturing cost per unit Sales commission cost per unit 3 Choose from any list or enter any number in the input fields and the Fixed manufacturing overhead 1.400.000 Fixed selling and administrative costs 220,000 2 parts Check $Step by Step Solution
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