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contri i Data Table X ear. Sales price . . . . . . . . . . $ Variable manufacturing expense per unit .... $ Sales commission expense per unit ........ $ Fixed manufacturing overhead............. ring overhead.............$ 2,990,000 Fixed operating expenses................. 240,000 Number of goggles produced ....... 230,000 Number of goggles sold 220,000 Print Done then ccounting 154-051 Molly Ball 8 | 9/29/19 8:41 PM Save Homework: Graded Chapter 6 HW Core: 0 of 5 pts 2 of 2 (0 complete) 6-40A (similar to) HW Score: 0%, 0 of 10 pts Question Help The annual data that follows pertain to Swimmer, 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 Swimmer 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 $135,000 would increase sales to 230,000 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 Swimmer for the year. Begin with the conventional (absorption costing) income statement Swimmer Income Statement (Absorption Costing) For the Year Ended December 31 Sales revenue 9020000 Less: Cost of goods sold 5500000 Gross profit 3520000 3230000 Less: Operating expenses Operating income 290000 Choose from any list or enter any number in the input fields and then click Check Answer Clear All Check Answer furaining