Exercise 22.7 (Algo) Deportmental contribution to overhead LO P3 Below are departmental income statements for a guitar manufactures. The company classifies adventising, rent, and utilities as indirect expenses. The manufacturer is considening eliminating its Electric Guitar department because it shows a loss. 1. Prepate 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. 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. Based on contribution to overhead, should the electric quitar department be eliminated