Question 15 Crane Company has four operatin during the first quarter of Comandante income fromageries and Following divisional results Division 11 Sales Cost of goods sold Selling and administrative expenses Income (loss) from operations $245,000 200.000 72,400 $(27,400) $197.000 192,000 63,000 5 (58,000) $504,000 301,000 58,000 $145,000 IV $450,000 249,000 50,000 $151,000 Analysis reveals the following percentages of variable costs in each division I TI TIT TV Cost of goods sold Selling and administrative experises 73% 39 9190 59 82% 50 75 % 61 Discontinuance of any division would save 50% of the fixed costs and expenses for that division Top management is very concerned about the unprofitable divisions (I and II), Consensus is that one or both of the divisions should be discontinued. Compute the contribution margin for Divisions I and II. (Enter negative amounts using elther a negative sign preceding the number e.g. parentheses e.g. (45).) Customer inom Blue Colle Medio US Wandlamperial, Help System Announcement CLEARATON Income lorom operations 5SW000) 1000 Analysis reveals the following percentages of variable costs in each division 11 1 73 IV 75 90 Cast of goods sold Selling and administrative expenses 91 % 59 82% 50 61 Discontinuance of any division would save 50% of the fixed costs and expenses for that division Top management is very concerned about the unprofitable divisions (I and II). Consensus is that one or both of the divisions should be discontinued Compute the contribution margin for Divisions I and II. (Enter negative amounts using either a negative sign preceding the numberes.15 parentheses e.g. (45):) Division 1 Division II Contribution margin You AliExpress Videoke shogun deyim.com/edgen/it/main an/Gy. Customer info Shopping Cart Place your order Big Future - College Return to Blackboard Weygandt, Financial and Managerial, 3e Help System Announcements YPLUS CALCULATON Prepare an incremental analysis concerning the possible discontinuance of Division 1. (Enter negative amounts using either a nec number eg. 45 or parentheses e.g. (45).) RESOURCES 20: estions istance Net Income Increase (Decrease) Continue Eliminate Contribution margin Fixed costs Cost of goods sold Selling and administrative Total fixed expenses Income (loss) from operations ENT RESOURCES CH 20: Questions Assistance VIDEO: SUMMONLEX 22 13 4 5 Prepare an incremental analysis concerning the possible discontinuance of Division II. (Enter negative amounts using number e.g. 45 or parentheses e.g. (45).) Continue Eliminate Net Income Increase (Decrease) Contribution margin Fixed costs Cost of goods sold Selling and administrative Total fixed expenses Income (loss) from operations by Study LINK TO TEXT ES LINK TO TEXT VIDEO SRILAR PRONLEH What course of action do you recommend for each division? Division 1 v Division II Prepare a columnar condensed income statement for Crane Company, assuming Division It is eliminated, Division It's unavoidable and costs are allocated equally to this er amous sing either a negative in preceding the number eg. 45 or parentheses .. (45).) CRANE COMPANY CVP Income Statement For the Quarter Ended March 31, 2020 Divisions IV Total Sales Variable costs Cost of goods sold Selling and administrative Total variable costs Contribution margin Fixed costs Cost of goods sold Selling and administrative Total foxed costs Income (loss) from operations
