Exercise 22-7 (Algo) Departmental contribution to overhead LO P3 Below are departmental income statements for a guitar manufacturer. The company classilles advertising, rent, and utilities as indirect expenses. The manufacturer is considering eliminating its Electric Gultar department because it shows a loss. 1. Prepare a departmental contribution to overhead report. 2. Based on contribution to overhead, should the electric guitar department be eliminated? Complete this question by entering your answers in the tabs below. Prepare a departmental contribution to overhead report. 1. Prepare a departmental contribution to overhead report. 2. Based on contribution to overhead, should the electric guitar department be eliminated? Complete this question by entering your answers in the tabs below. Prepare a departmental contribution to overhead report. Exercise 22-7 (Algo) Departmental contribution to overhead LO P3 Below are departmental income statements for a guitar manufacturet. The company classifles advertising, rent, and utilties as indirect expenses. The manufacturer is considering etiminating its Electric Guitar department because it shows a loss: 1. Prepare a departmental contribution to overhead report 2. Based on contribution to overheod, should the electric guitar department be eliminated? Complete this question by entering your answers in the tabs below. Based on contribution to overtiead, should the electric guitar department be eliminated