1.4

Crane Manufacturing Company has four operating divisions. During the first quarter of 2022, the comparw reported at Income from operations of $153,200 and the following divisional results Division 1 11 IV Sales $509.500 $396.000 $305,100 $177,900 Cost of goods sold 287.500 246,300 270.800 151.800 58,300 78,400 67.000 74.000 Selling and administrative experises Income (los) from operations $163.700 $71.300 $(33,3001 3:48.500 The analysis reveals the following percentages of variable costs in each division 1 IN IV 71% BBS 75% 913 Cost of goods sold Selling and administrative expenses 39 50 65 70 Discontinuance of any division would save 50% of the fixed costs and expenses for that division Top management is very concerned about the unprontable divisions (I and IV). The consensus is that the company should discontinue one or both of these divisions. Prepare a condensed income statement in columns for Crane Manufacturing tuming division Visited the CVP format. Division IV's avoidable costs are allocated equally to the continuing division, there are either the preading the number or parenthes (45 While hemeroches repliant and costs should be induced both options when solving this problem CRANEMANUFACTURING COMPANY CVP Income Statement Divi Dive Divi Prepare a condensed income statement in columns for Crane Manufacturing, assuming division IV is limited. Use the CV format Division IV Sunavoidable fowed costs are allocated equally to the continuing divisions. (Enter using the preceding the numbers 15 or parentheses: (45). While ottemote aproaches are possible, relevant and cost hould benched both options when solving this problem) CRANEMANUFACTURING COMPANY CVP Income Statement Divi Divi DIV III Total