Homework: Ch 6 HW Save Score: 0.09 of 1 pt 5 of 6 (6 complete) HW Score: 63.65%, 3.82 of 6 pts E6-40A (similar to) Question Help The annual data that follows pertain to Sea Down There, a manufacturer of swimming googles the company had no beginning inventory Click the icon to view the data) 0 Data Table with the promotion? Give your Requirements 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) ing 2. Which statement shows the higher operating income? Why? 3. The company marketing vice president believes a new sales promotion that costs $150.000 reason For the Year Ended December 31 Sales revenue 10120000 Less Cost of goods sold Gross profit 23 Less: Operating expenses Operating income Sales price Variable manufacturing expense per unit...... Sales commission expense per unit Fixed manufacturing overhead Fooed operating expenses ..... Number of goggles produced ....... Number of goggles sold $ $ 1,980,000 255000 220.000 Choose from any list or enter any number in the input fields and then click Check Answer 200 000 5 parts remaining Print Done Check Answer Score: 0.09 of 1 pt 5 of 6 (6 complete) X E6-40A (similar to) HW Score: 63.65%, 3.82 of 6 pts E Question Help The annual data that follows pertain to Sea Down There, a manufacturer of swimming goggles (the company had no beginning inventory): (Click the icon to view the data) Requirements 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Sea Down There for the year 2. Which statement shows the higher operating income? Why? 3. The company marketing vice president believes a new sales promotion that costs $150,000 would increase sales to 220.000 goggles. Should the company go ahead with the promotion? Give your reason Requirement 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Sea Down There for the year. Begin with the conventional (absorption costing) income statement Sea Down There Income Statement(Absorption Costing) For the Year Ended December 31 Sales revenue 101200001 Choose from any list or enter any number in the input fields and then click Check Answer Check Answer 5 parts Clear All 5 m