Requi. 2 please

$ 47 $ 24 The annual data that follows pertain to Swim Clearly, a manufacturer of swimming goggles (the company had no beginning inventory): B (Click the icon to view the data.) Read the requirements. Data Table Swim Clearly Contribution Margin (Variable Costing) Income Statement For the Year Ended December 31 Sales price... Sales revenue $ 8,930,000 Variable manufacturing expense per unit. Less: Variable expenses Sales commission expense per unit .. Variable cost of goods sold $ 4,560,000 Fixed manufacturing overhead.. Variable operating expenses 2,470,000 Fixed operating expenses. ... Contribution margin 1,900,000 Number of goggles produced. Less: Fixed expenses Number of goggles sold Fixed manufacturing overhead 1,640,000 Fixed operating expenses 235,000 $ 25,000 Operating income Print Done $ 13 $ 1,640,000 $ 235,000 205,000 190,000 Requirement 2. Which statement shows the higher operating income? Why? Absorption costing operating income is higher than variable costing operating income. This is because absorption costing defers $ of fixed manufacturing overhead as an asset in ending inventory. In contrast, variable costing expenses all of the fixed manufacturing overhead during the year