Below are departmental Income statements for a gultar manufacturer. The company classifies advertising, rent, and utilities...

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Below are departmental Income statements for a gultar manufacturer. The company classifies advertising, rent, and utilities as Indirect expenses. The manufacturer is considering eliminating its Electric Guitar department because it shows a loss. Departmental Income Statements For Year Ended December 31 Acoustic Sales $ 103,300 Electric $ 83,200 Cost of goods sold 43,775 47,250 Gross profit Expenses Advertising Depreciation-Equipment Salaries Supplies used Rent Utilities Total expenses 59,525 35,950 4,975 4,320 10,090 8,570 19,900 17,400 1,970 1,790 7,015 5,960 2,955 2,650 46,985 40,690 Income (loss) $ 12,620 $ (4,740) 1. Prepare a departmental contribution to overhead report. 2. Based on contribution to overhead, should the electric guitar department be eliminated? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a departmental contribution to overhead report. Departmental Contribution to Overhead For Year Ended December 31 Gross profit Direct expenses Acoustic Electric Combined Total direct expenses 0 0 0 Departmental contribution to overhead $ 0 S 0 $ 0 < Required 1 Required 2 > Below are departmental Income statements for a gultar manufacturer. The company classifies advertising, rent, and utilities as Indirect expenses. The manufacturer is considering eliminating its Electric Guitar department because it shows a loss. Departmental Income Statements For Year Ended December 31 Acoustic Sales $ 103,300 Electric $ 83,200 Cost of goods sold 43,775 47,250 Gross profit Expenses Advertising Depreciation-Equipment Salaries Supplies used Rent Utilities Total expenses 59,525 35,950 4,975 4,320 10,090 8,570 19,900 17,400 1,970 1,790 7,015 5,960 2,955 2,650 46,985 40,690 Income (loss) $ 12,620 $ (4,740) 1. Prepare a departmental contribution to overhead report. 2. Based on contribution to overhead, should the electric guitar department be eliminated? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a departmental contribution to overhead report. Departmental Contribution to Overhead For Year Ended December 31 Gross profit Direct expenses Acoustic Electric Combined Total direct expenses 0 0 0 Departmental contribution to overhead $ 0 S 0 $ 0 < Required 1 Required 2 >