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Business, 12.01.2021 18:00 nunuskies

Crane Inc. had sales of $2,350,000 for the first quarter of 2020. In making the sales, the company incurred the following costs and expenses. Variable Fixed
Cost of goods $940,000 $464,000
Selling expense 74,000 54,000
Administrative expenses 96000 145,000

Required:
Prepare a CVP income statement for the quarter ended March 31, 2017

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