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Question 2 of 3 1 . 6 5 3 . 3 Crane Corp. ' s sales slumped badly in 2 0 2 0 . For

Question 2 of 3
1.653.3
Crane Corp.'s sales slumped badly in 2020. For the first time in its history, it operated at a loss. The company's income statement showed the following results from selling 585,500 units of product: sales $2,927,500, total costs and expenses $3,024,875, and net loss $97,375. Costs and expenses consisted of the amounts shown below.
\table[[,Total,Variable,Fixed,],[Cost of goods sold,$2,486,215,$2,008,265,$477,950,],[Selling expenses,292,750,107,732,185,018,],[Administrative expenses,245,910,79,628,166,282,],[,$3,024,875,$2,195,625,,$829,250
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