Check 5 3 soints . Below are 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 utilities expenses as indirect WHOLESALE GOT Departmental Income Statuts For Year Deded December 31, 2013 Acoustic Electric Sales $ 102, $56,000 Cost of woods told 45,575 Gross profit 57,035 Operating expenses Advertising expense Depreciation expense quant 10.13 5.53 salaries pense 17.00 Supplies experte Rent expense 7.95 5.970 pe 2015 23.10 Total operatine expenses 41,100 het income (los) $9.910 54.150) 19. 1. Prepare a departmental contribution report that shows each department's contribution to overhead 2. Based on contribution to overhead, should the electric guitar department be eliminated? Chapter 9 Homework 5 Supplies expense Rent expense utilities expense Total operating expenses Net income (Loss) 1,960 7.095 2,985 47,115 $ 9,910 1,77e 5,970 3,610 41,100 5(4,150) 3 pots 1. Prepare a departmental contribution report that shows each department's contribution to overhead. 2. Based on contribution to overhead, should the electric guitar department be eliminated? eBook Hint Complete this question by entering your answers in the tabs below. Print Required 1 Require Based on contribution to overhead, should the electric guitar department be eliminated? Based on contribution to overhead should the electric guitar department be eliminated?