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find the value of L.H.S Requirements 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for See it for the year

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Requirements 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for See it for the year 2. Which statement shows the higher operating income? Why? Reconcile the difference between the two statements 3. See It's marketing vice-president believes a new sales promotion that costs $165,000 would increase sales to 235,000 goggles Should the company go ahead with the promotion? Give your reason Sales revenue 9675000 - Data Table $ 43 Sale price Variable manufacturing 17 8 Variable expenses Variable cost of goods sold Beginning finished goods inventory Variable cost of goods manufactured Variable cost of goods available for sale Ending finished goods inventory Vanable cost of goods sold Sales commission expense Contribution margin Faced expenses Manufacturing overhead Operating expenses Operating income expenso per unit Sales commission expense por unit Fixed manufacturing overhead Fixed operating expenses Number of goggles produced Number of goggles sold 2.820,000 290.000 235,000 225 000 Print Done Absorption costing net income Add FMOH released from inventory Less FMOH deferred to El Variable costing net income

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