Please assist The 20X6 data that follow pertain to Rays, a manufacturer of swimming goggles. Rays had nobeginning inventories in January 20X6.Selling price per unitVariable manufacturing expense per unitSales commission expense per unitFixed manufacturing overheadFixed operating expense# of goggles produced# of goggles sold$35.00$15.00$5.00$2,000,000$250,000200,000185,000Required:b)Prepare a variable costing (contribution margin) income statement for Rays for theyear ended December 31, 20X6.c)Rays marketing vice president believes a new sales promotion that costs $150,000would increase sales to 200,000 goggles. Should the company go ahead with thepromotion? Give your reason.

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Prepare a variable costing (contribution margin) income statement for Rays for the year ended December 31, 20X6. Rays marketing vice president believes a new sales promotion that costs $150,000 would increase sales to 200,000 goggles. Should the company go ahead with the promotion? Give your reason.

Prepare a variable costing (contribution margin) income statement for Rays for the year ended December 31, 20X6. Rays marketing vice president believes a new sales promotion that costs $150,000 would increase sales to 200,000 goggles. Should the company go ahead with the promotion? Give your reason.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter2: Basic Managerial Accounting Concepts

Section: Chapter Questions

Problem 54P: Preparation of Income Statement: Manufacturing Firm Laworld Inc. manufactures small camping tents....

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