Crane Inc. had sales of $1,804,000 for the first quarter of 2022. I

n making the sales, the company incurred the following costs and expenses.

Variable Fixed Cost of goods sold $754,400 $360,800

Selling expenses 57,400 36,900

Administrative expenses 70,520 80,360

Prepare a CVP income statement for the quarter ended March 31, 2022.

Crane Inc. had sales of $1,804,000 for the first quarter of 2022. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $754,400 $360,800 Selling expenses 57,400 36,900 Administrative expenses 70,520 80,360 Prepare a CVP income statement for the quarter ended March 31, 2022. CRANE INC. CVP Income Statement For the Quarter Ended March 31, 2022 $