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Acct 222 Extra Credit (Ch1-8. 35 points) Spring, 2019 Problem 3. ES-61B Absorption and variable costing lncome statements (S points) The annual data that follow pertain to Aquatic Optics, a manufacturer of swimming poggles (the company has no beglening inventory Sales price Variable manufacturing expense per unit Sales commission expense per unit Fixed manufacturing overhead Fixed operating expense Number of goggles produced Number of goggles sold S 47 S 16 $2,000,000 $260,000 200,000 192,000 Requirements Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Aquatic Optics for the year Which statement shows the higher operating income? Why? The company's marketing vice president believes a new sales promotion that costs $155,000 would increase sales to 200,000 goggles. Should the company go ahead with the promotion? Give your reason. 1. 2. 3