nces Below are departmental income statements for a guitar manufacturer. The company classifies advertising, rent, and...

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nces Below are departmental income statements for a guitar 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 Sales Cost of goods sold Gross profit Expenses Advertising Depreciation-Equipment Salaries Supplies used Rent Utilities Total expenses Income (loss) Acoustic $ 103,000 44,675 58,325 Electric $ 83,800 46,750 37,050 5,015 4,330 10,070 8,580 20,000 17,900 1,990 1,790 7,025 5,980 2,995 2,570 47,095 41,150 $ 11,230 $ (4,100) 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 Acoustic Electric Combined Gross profit Direct expenses Total direct expenses Departmental contribution to overhead Required T Required 2 > Below are departmental income statements for a guitar 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 Sales Cost of goods sold Gross profit Expenses Advertising Depreciation-Equipment Salaries Supplies used Rent Utilities Total expenses Income (loss) Electric $ 83,800 46,750 37,050 Acoustic $103,000 44,675 58,325 5,015 4,330 10,070 8,580 20,000 17,900 1,990 1,790 7,025 5,980 2,995 2,570 47,095 41,150 $ 11,230 $ (4,100) 1. Prepare a departmental contribution to overhead report. 2. Based on contribution to overhead, should the electric guitar department be eliminated? cest Complete this question by entering your answers in the tabs below. Required 1 Required 2 Based on contribution to overhead, should the electric guitar department be eliminated? Based on contribution to overhead, should the electric guitar department be eliminated? nces Below are departmental income statements for a guitar 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 Sales Cost of goods sold Gross profit Expenses Advertising Depreciation-Equipment Salaries Supplies used Rent Utilities Total expenses Income (loss) Acoustic $ 103,000 44,675 58,325 Electric $ 83,800 46,750 37,050 5,015 4,330 10,070 8,580 20,000 17,900 1,990 1,790 7,025 5,980 2,995 2,570 47,095 41,150 $ 11,230 $ (4,100) 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 Acoustic Electric Combined Gross profit Direct expenses Total direct expenses Departmental contribution to overhead Required T Required 2 > Below are departmental income statements for a guitar 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 Sales Cost of goods sold Gross profit Expenses Advertising Depreciation-Equipment Salaries Supplies used Rent Utilities Total expenses Income (loss) Electric $ 83,800 46,750 37,050 Acoustic $103,000 44,675 58,325 5,015 4,330 10,070 8,580 20,000 17,900 1,990 1,790 7,025 5,980 2,995 2,570 47,095 41,150 $ 11,230 $ (4,100) 1. Prepare a departmental contribution to overhead report. 2. Based on contribution to overhead, should the electric guitar department be eliminated? cest Complete this question by entering your answers in the tabs below. Required 1 Required 2 Based on contribution to overhead, should the electric guitar department be eliminated? Based on contribution to overhead, should the electric guitar department be eliminated?