Crane Industries produces and sells a cell phone-operated home security control. Information regarding the costs and sales of security controls during May 2020 are provided below. Unit selling price of security control Unit variable costs Total monthly fixed costs Units sold $49 $24 $134,000 8,300

Crane industries produces and sells a cell phone-operated home security control. Information regarding the costs and sales of security controls during May 2020 are provided below. Prepare a CVP income statement for Crane Industries for the month of May. Provide per unit values and total values. Crane Industries CVP Income Statement Total Per UAit Administrative Expenses Contribution Margin Cost of Goods Sold Fixed Costs Gross Profit Net Income/(Loss) Sales Selling Expenses Variable Costs $