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Question 1 of 34 -/15 Crane Manufacturing Company has four operating divisions. During the first quarter of 2022. the company reported Income from operations of $153.200 and the following divisional result Division TV $509,500 287.500 $177.900 Sales Cost of goods sold Selling and administrative expenses Income lion from operations 3.305.000 270.00 151.800 $395.000 246,300 78.400 371.300 67.600 74.600 58,300 $163,700 5033,3001 514. SOM The analysis reveals the following percentages of variable costs in each division 1 11 Ini 71% 75 91% Cost of goods sold Selling and administrative expenses 39 50 65 70 Discontinuance of any division would save 50% of the fried costs and expenses for that division Top management is very concerned about the unprofitable divisions (ill and IV). The contenus istut the company should continue one or both of these divisions EXAM FALL 2021 Question 1 of 34 > -/15 E Calculate the contribution margin for divisions II and IV. (Enter negative amounts using either a negative sign preceding the number e-45 or parentheses 28.(45).) Divisions III Divisions IV Contribution margin Prepare an incremental analysis for the possible discontinuance of (1) division II) and (2) division IV. (Round answers to decimal places, eg. 125. Enter all negative amounts using either a negative sign preceding the number es-45 or perehtheses es (45). While te should be included in both options when solving this problem.)