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Now let's prepare the contribution margin (variable costing) income statement for Swim Clearly for the year. Swim Clearly Contribution Margin (Variable Costing) Income Statement For the Year Ended December 31 Sales revenue 9240000 Less Variable expenses Variable cost of goods sold Variable operating expenses Contribution margin Less Fixed expenses Fixed manufacturing overhead Fixed operating expenses Operating income Requirements Sales price... $ 42 Variable manufacturing expense per unit... S 19 Sales commission expense per unit $ 7 Fixed manufacturing overhead ..........$ 2,400,000 Fixed operating expenses... $ 240,000 Number of goggles produced 210,000 Number of goggles sold 220.000 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Swim Clearly 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 5165,000 would increase sales to 240,000 goggles Should the company go ahead with the promotion? Give your reason The data that fotos porno fim Camerom her had no begin to Cick the conto the Read the outs Requirement per com coming and covariable costing income statements for Swim Cleary for the yew Born in the conversation costing contestanten San Clearly Income Station Continue So the You Ended Dec 31 02600,00 Cattoo 0000 2.100.000 be 0 000 Org.com 1010100 Narivo Swim Clay CM (Cost comment Choosemynter any he putand and Cher