Chapter 9 question 5Below are the departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent and utilizes expenses as indirect Acoustic electric Sales $103,200 $84,500Cost of goods sold $45,475 $47,150Gross profit $57725 $37350Operating expenses Advertising expenses $5045 $4285Depreciation expense equipment $10150 $8580Salaries expense $19600 $17500Supplies expense $2000 $1780Rent expense $7025 $6000Utilities expense $3005 $2560Total operating expenses $46825 $40700Net income (loss) $10,900 $(3350)

Help Save & Exit Check my w 5 Prepare a departmental contribution report that shows each department's contribution to overhead. WHOLESALE GUITARS Income Statement Showing Departmental Contribution to Overhead 3 points For Year Ended December 31, 2019 Combined Skipped Acoustic Dept. Electric Dept. eBook Hint Direct expenses Print Total direct expenses O O 0 Departmental contributions to overhead $ 0 $ 0 $ 0 Indirect expenses Mc