Crane Inc. had sales of $2,370,000 for the first quarter of 2022 (it sold 237,000 units)....

Transcribed Image Text:

Crane Inc. had sales of $2,370,000 for the first quarter of 2022 (it sold 237,000 units). In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $845,800 $453,000 Selling expenses 98,000 83,000 Administrative expenses 99,000 122,000 Prepare a CVP income statement for the quarter ended March 31, 2022. (Round per unit answers to 2 decimal places, e.g. 15.25.) > +A $ CRANE INC. CVP Income Statement Total Per Unit Percent of Sales % do % do % Crane Inc. had sales of $2,370,000 for the first quarter of 2022 (it sold 237,000 units). In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $845,800 $453,000 Selling expenses 98,000 83,000 Administrative expenses 99,000 122,000 Prepare a CVP income statement for the quarter ended March 31, 2022. (Round per unit answers to 2 decimal places, e.g. 15.25.) > +A $ CRANE INC. CVP Income Statement Total Per Unit Percent of Sales % do % do %

Answer rating: 100% (QA)

Total variable cost Variable cost of goods sold Variable selling expenses Variable administrative ex... View the full answer