The 2018 data that follow pertain to Dan's Dynomite Eyewear, a manufacturer of swimming goggles. (Dan's...

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The 2018 data that follow pertain to Dan's Dynomite Eyewear, a manufacturer of swimming goggles. (Dan's Dynomite 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 Dan's Dynomite Eyewear for the year ended December 31, 2018. (Round intermediary calculations to the nearest cent.) Begin by preparing Dan's Dynomite Eyewear's conventional (absorption costing) income statement for the year ended December 31, 2018. Dan's Dynomite Eyewear Income Statement (Absorption Costing) Year Ended December 31, 2018 i Data Table Operating Income Prepare Dan's Dynomite Eyewear's contribution margin (variable costing) income statement for the year ended December 31, 2018. Dan's Dynomite Eyewear Income Statement (Variable Costing) Year Ended December 31, 2018 Number of goggles produced 210,000 Number of goggles sold 180,000 Sales price per unit $ 38 Variable manufacturing cost per unit 16 Sales commission cost per unit 5 Fixed manufacturing overhead Fixed selling and administrative costs 630,000 170,000 Print Done The 2018 data that follow pertain to Dan's Dynomite Eyewear, a manufacturer of swimming goggles. (Dan's Dynomite 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 Dan's Dynomite Eyewear for the year ended December 31, 2018. (Round intermediary calculations to the nearest cent.) Begin by preparing Dan's Dynomite Eyewear's conventional (absorption costing) income statement for the year ended December 31, 2018. Dan's Dynomite Eyewear Income Statement (Absorption Costing) Year Ended December 31, 2018 i Data Table Operating Income Prepare Dan's Dynomite Eyewear's contribution margin (variable costing) income statement for the year ended December 31, 2018. Dan's Dynomite Eyewear Income Statement (Variable Costing) Year Ended December 31, 2018 Number of goggles produced 210,000 Number of goggles sold 180,000 Sales price per unit $ 38 Variable manufacturing cost per unit 16 Sales commission cost per unit 5 Fixed manufacturing overhead Fixed selling and administrative costs 630,000 170,000 Print Done