Exercise 22-7 (Algo) Departmental contribution to overhead LO P3 Below are departmental income statements for a guitar manufacturet. The compony classifies advertising, rent, and ullities as indirect. expenses. The manufacturer is considering eliminating its Electric Gu tar department because it shows a loss: 1. Prepare a departmental contribution to overhead report. 2. Based on contribution to overheod, should the electric guitor department be eliminated? Complete this question by entering your answers in the tabs below. Prepare a departmental contribution to overhead report. Complete this question by entering your answers in the tabs below. Prepare a deoartmental contribution to overhead report. 1. Prepare a departmental contributicn to overhead report. 2. Alased on contribution to overhead, should the electric gultar department be eliminated? Complete this question by entering your answers in the tabs below. Based on contribution to overhead, sheuld the electric guitar department be eliminated