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Crane Industries developed the following information for the product it sells: For the year ended December 31, 2022, Crane produced and sold 102,000 units of
Crane Industries developed the following information for the product it sells: For the year ended December 31, 2022, Crane produced and sold 102,000 units of product. CRANE INDUSTRIES Income Statement For the Year Ended December 31: 2022 Sales Variable expenses Cost of goods sold Administrative expenses Selling expenses Total variable expenses Contribution margin Fixed expenses Selling expenses Cost of goods sold Administrative expenses Total fixed expenses Net income / (Loss)
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