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Can I get help with this? Crane, Inc., had the following results for last year: Per Unit $60.00 27.00 Sales revenue Variable expenses Contribution margin
Can I get help with this?
Crane, Inc., had the following results for last year: Per Unit $60.00 27.00 Sales revenue Variable expenses Contribution margin Fixed expenses Operating income Total $3,120,000 1,404,000 1,716,000 400,000 $1,316,000 $33.00 Prepare a new income statement for each of the following scenarios. Consider each scenario independently. The sales price decreases by 5%. (Round per unit answers to 2 decimal places, e.g. 0.38.) Crane, Inc. Income Statement Total Per Unit Sales $ $ 2964000 $ 60 Variable expenses 1333800 27 i Contribution margin 1630200 $ 33 Fixed expenses 400000 Operating income $ $ 1230200Step by Step Solution
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