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The annual data that follow pertain to Swim Clearly, a manufacturer of swimming goggles. (Swim...

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Accounting

The annual data that follow pertain to Swim Clearly, a manufacturer of swimming goggles. (Swim Clearly has no beginning inventories.) Sale 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 Requirements $ 42 20 5 1,935,000 265,000 215,000 200,000 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Swim Clearly for the year. (5 marks each)
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The annual data that follow pertain to Swim Clearly, a manufacturer of swimming goggles, (Swim Clearly has no beginning inventories.) Requirements 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Swim Clearly for the year. (5 marks each)

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