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Crane Industries carries no inventories. Its product is manufactured only when a customer's order is received. It is then shipped immediately after it is
Crane Industries carries no inventories. Its product is manufactured only when a customer's order is received. It is then shipped immediately after it is made. For its fiscal year ended October 31, 2022, Cranes break-even point was $1.38 million. On sales of $1.18 million, its income statement showed a gross profit of $213,000. direct materials cost of 5401000, and direct labor costs of $500,000. The contribution margin was $177,000, and variable manufacturing overhead was $48,000. Your answer is correct. Calculate the following: 2. 3. Variable selling and administrative expenses. Fixed manufacturing overhead. Fixed selling and administrative expenses. eTextbook and Media 54.000 zooc 189.000 Attempts; 1 of 3 used Ignore your answer to above part, assume that fixed manufacturing overhead was $101,000 and the fixed selling and administrative were $80,000. The marketing vice president feels that if the company increased its advertising. sales could be increased by 19%. Whet is the maximum increased advertising cost the company can incur and still report the same income as before the advertising expenditure? Maximum increased advertising expenditure
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