Exercise $22-7($Algo$)$ Departmental contribution to overhead LO P$3$

Below are departmental income statements for a guitar manufacturer. The company classifies advertising, rent, and utilities as indirect expenses. The manufacturer is considering eliminating its Electric Guitar department because it shows a loss.

$\backslash$table$[[$Departmental$],[$For Year Ended December $31,$Statements,$],[$Sales$,$Acoustic,Electric$],[$Cost of goods sold,$103,100,$$$83,400$