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Help please Crane Corporation has collected the following information after its first year of sales. Sales were $1.560,00000 104,000 units; selling expenses $260,000(408 variable and

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Crane Corporation has collected the following information after its first year of sales. Sales were $1.560,00000 104,000 units; selling expenses $260,000(408 variable and 600 fived); direct materials $531,440; direct labor $301,600; administrative expenses $280,800(20% variable and 80% fixed); and manufacturing overhead $364,000(70% variable and 3000 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 unit sales will increase by 10% next year. (a) Compute (1) the contribution margin for the current year and the projected year, and (2) the fuxd costs for the current year (Assume that fxeed costs will remain the same in the projected year) (1) Contribution margin for current year Contribution margin for projected year (2) Fixed costs for current year

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