1) Prepare a CVP income statement using the contribution margin format for Crane Industries for 2022

2) What was the company's break-even sales units in 2022? Use the contribution margin technique.

3) What was the company's margin of safety in dollars in 2022?

4) what is the company's operating leverage

5) what does the number you computed in item (d) above mean

Crane Industries developed the following information for the product it sells: Sales price $ 51 per unit Variable cost of goods sold $ 29.00 per unit Fixed cost of goods sold $ 662,680 Variable selling expense 10% of sales price Variable administrative expense $ 2.00 per unit Fixed selling expense $ 413,000 Fixed administrative expense $ 313,000 For the year ended December 31, 2022, Crane produced and sold 113,000 units of product