Homework: Chapter 21 Problems Score: 0 of 6 pts 1 of 2 (1 complete) P21-30A (similar to) The 2018 data that follow pertain to Ers Electric Eyewear, a manufacturer cturer of swimming goggles. (Er's Electric Eyewear had no beginning Finished Goods Inventory in January 2018.) (Click the icon to view the data.) Read the requirements Requirement 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Ex's Electric Eyewear for the year ended December 31, 2 cent.) Begin by preparing Els Electric Eyewear's conventional (absorption conting) income statement for the year ended December 31, 2018. El's Electric Eyewear Data Table Requirements Income Statement (Absorption Costing) Year Ended December 31, 2018 Net Sales Revenue $ 6,435,000 Number of goggles produced 210,000 1. Prepare both convention Cost of Goods Sold (variable costing) income Number of googles sold 165,000 ended December 31, 201 Gross Profit Sales price per unit $ 30 2. Which statement shows t Selling and Administrative Costs Variable manufacturing cost per unit 3. Ex's Electric Eyewear's me promotion that costs $355 Operating Income Sales commission cost per unit Should the company go al Fixed manufacturing overhead 840,000 Fixed seling and administrative costs 250,000 9 Print Dono Choose from any list or enter any number in the input fields and then click Check Answer Clear All 3 parts remaining MacBook Air HW Score: 0%, 0 of 12 pts Question Help inning Finished Goods Inventory in January 2018.) 10 Eli's Electric Eyewear for the year ended December 31, 2018. (Round intermediary calculations to the nearest 2018 - Requirements 210,000 165,000 S 39 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Eli's Electric Eyewear for the year ended December 31, 2018 2. Which statement shows the higher operating income? Why? 3. Eli's Electric Eyewear's marketing vice president believes a new sales promotion that costs $385,000 would increase sales to 200,000 goggles. Should the company go ahead with the promotion? Give your reasoning. 9 4 840,000 250.000 Print Done Final Check All