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Check my work Exercise 9-7 Departmental contribution report LO P3 Below are departmental income statements...

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Check my work Exercise 9-7 Departmental contribution report LO P3 Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect 25 points WHOLESALE GUITARS Departmental Ineone Statements For Year Ended December 31, 2017 Book Sales Cost of goods sold Gross profit Operating expenses Acoustic Electri 101,700 84,400 44,675 46,850 7,02537,550 Ask 15 ,300 10,0908,570 5,0 Advertising expenke Depreciation expense-equipment Salaries expense Supplies expense Rent expense utilities expense Print 19,60017,00 2,020 1,730 6,010 2,640 40,250 7,085 Total operating expenses Net income (loss) 10,240 $(2,700) 1. Prepare a departmental contribution report that shows each department's contribution to overhead. WHOLESALE GUITARS Income Statement Showing Departmental Contribution to Overhead For Year Ended December 31, 2017 Acoustic Dept Electric Dept Prey 3 of 4 Next

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