There are only 4 rows under the Eli's Electric Eyewear Income Statement (Absorption Costing).
The 2018 data that follow pertain to Eli's Electric Eyewear, a manufacturer of swimming goggles. (Eli's Electric Eyewear had no beginning Finished Goods Inventory in January 2018.) i Data Table - X tribution margin (variable costing) income 2018. (Round intermediary calculations to 170,000 145,000 sting) income statement for the year ended Number of goggles produced Number of goggles sold Sales price per unit Variable manufacturing cost per unit Sales commission cost per unit Fixed manufacturing overhead Fixed selling and administrative costs 1,190,000 180,000 Print Done n continue to the next question. The 2018 data that follow pertain to Eli's Electric Eyewear, a manufacturer of swimming goggles. (Eli's Electric Eyewear had no beginning Finished Goods Inventory in January 2018.) E: (Click th i Requirements - Read the red X Requiremer statements f the nearest income ions to 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 $50,000 would increase sales to 155,000 goggles. Should the company go ahead with the promotion? Give your reasoning. Begin by pre December 3 rended Print Done Choose from any list or enter any number in the input fields and then continue to the next question. The 2018 data that follow pertain to Eli's Electric Eyewear, a manufacturer of swimming goggles. (Eli'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 Eli's Electric Eyewear for the year ended December 31, 2018. (Round intermediary calculations to the nearest cent.) Begin by preparing Eli's Electric Eyewear's conventional (absorption costing) income statement for the year ended December 31, 2018. Eli's Electric Eyewear Income Statement (Absorption Costing) Year Ended December 31, 2018 Choose from any list or enter any number in the input fields and then continue to the next question. The 2018 data that follow pertain to Eli's Electric Eyewear, a manufacturer of swimming goggles. (Eli's Electric Eyewear had no beginning Finished Goods Inventory in January 2018.) .: (Click the icon to view the data.) Read the requirements. Operating Income Prepare Eli's Electric Eyewear's contribution margin (variable costing) income statement for the year ended December 31, 2018 Eli's Electric Eyewear Income Statement (Variable Costing) Year Ended December 31, 2018 Choose from any list or enter any number in the input fields and then continue to the next question. The 2018 data that follow pertain to Eli's Electric Eyewear, a manufacturer of swimming goggles. (Eli's Electric Eyewear had no beginning Finished Goods Inventory in January 2018.) (Click the icon to view the data.) Read the requirements. Income Statement (Variable Costing) Year Ended December 31, 2018 Operating Income Requirement 2. Which statement shows the higher operating income? Why? Choose from any list or enter any number in the input fields and then continue to the next question. The 2018 data that follow pertain to Eli's Electric Eyewear, a manufacturer of swimming goggles. (Eli's Electric Eyewear had no beginning Finished Goods Inventory in January 2018.) : (Click the icon to view the data.) Read the requirements. Requirement 2. Which statement shows the higher operating income? Why? The Vincome statement shows the higher operating income. The operating income under costing is higher because the units sold The difference in operating income between the two income statements is attributable to the attached to the units Requirement 3. Eli's Electric Eyewear's marketing vice president believes a new sales promotion that costs $50,000 would increase sales to 155,000 goggles. Should the company go ahead with the promotion? Give your reasoning. The company go ahead with the promotion because the additional vl the additional cost of the nromotion Choose from any list or enter any number in the input fields and then continue to the next
