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Crane Corporation had collected the following information after its first year of sales. Sales were 1,600,000 on 100,000 units, selling expenses 220,000 (40% variable and

Crane Corporation had collected the following information after its first year of sales. Sales were 1,600,000 on 100,000 units, selling expenses 220,000 (40% variable and 60% fixed), direct materials $504,400, direct labor $306,000, administrative expenses 278,000 (20% variable 80% fixed) and manufactoring overhead 352,000 (70% variable and 30% fixed). Top management has asked you to do a CVP analysis so that it can make plans for the coming year. it has projected that the unit sales will increase by 10% next year.
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the questions are posted in the picture & are the ones i need correct answers to. Thank you!
x Your answer is incorrect. Try again. Compute the break-even point in units and sales dollars for the current year. x Break-even point in units 116900 units Break-even point in dollars 1870400 X Your answer is incorrect. Try again. The company has a target net income of $206,000. What is the required sales in dollars for the company to meet its target? Sales dollars required for target net income 2670400 x Your answer is incorrect. Try again. If the company meets its target net income number, by what percentage could its sales fall before it is operating at a loss? That is, what is its margin place, e.g. 10.5.) Margin of safety ratio 29.9%

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