View Policies Current Attempt in Progress Crane Company has four operating divisions. During the first quarter of 2022, the company reported aggregate income from operations of $212,000 and the following divisional results. Division III IV $246,000 $195,000 $498,000 $452.000 198,000 192,000 304,000 247,000 Sales Cost of goods sold Selling and administrative expenses Income (loss) from operations 77.000 51,000 54,000 56,000 $(51,000) $138,000 $(29.000) $154,000 Analysis reveals the following percentages of variable costs in each division = 11 HII IV 73 % 92 % N 77 % 79 % Cost of goods sold Selling and administrative expenses 41 60 48 62 Discontinuance of any division would save 50% of the fixed costs and expenses for that division. Top management is very concerned about the unprontable divisions (I and I). Consensus is that one or both of the divisions should be discontinued (a) Compute the contribution margin for Divisions I and II. (Enter negative amounts using either a negative sign preceding the number es. 45 or parentheses es (45)) Division ! Division 11 Contribution margin $ eTextbook and Media Save for later Attempts: 0 of 5 used Submit Answer (51) Prepare an incremental analysis concerning the possible discontinuance of Division 1. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses eg. (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 eTextbook and Media Save for Later Attempts:0 of 5 used Submit Answer (62) Prepare an incremental analysis concerning the possible discontinuance of Division II. (Enter negative amounts using either a negative sign preceding the number es. -45 or parentheses eg. (45)) Continue Eliminate Net Income Increase (Decrease) Contribution margin Fixed costs Cost of goods sold Selling and administrative Total forced expenses Income (loss) from operations $ eTextbook and Media Save for Later Attempts: 0 of 5 used Submit Answer Question of CRANE COMPANY CV mestom For at de Mar 2013 O IA DELL FE FO S 7 U O G J K L N M View Policies Current Attempt in Progress Crane Company has four operating divisions. During the first quarter of 2022, the company reported aggregate income from operations of $212,000 and the following divisional results. Division III IV $246,000 $195,000 $498,000 $452.000 198,000 192,000 304,000 247,000 Sales Cost of goods sold Selling and administrative expenses Income (loss) from operations 77.000 51,000 54,000 56,000 $(51,000) $138,000 $(29.000) $154,000 Analysis reveals the following percentages of variable costs in each division = 11 HII IV 73 % 92 % N 77 % 79 % Cost of goods sold Selling and administrative expenses 41 60 48 62 Discontinuance of any division would save 50% of the fixed costs and expenses for that division. Top management is very concerned about the unprontable divisions (I and I). Consensus is that one or both of the divisions should be discontinued (a) Compute the contribution margin for Divisions I and II. (Enter negative amounts using either a negative sign preceding the number es. 45 or parentheses es (45)) Division ! Division 11 Contribution margin $ eTextbook and Media Save for later Attempts: 0 of 5 used Submit Answer (51) Prepare an incremental analysis concerning the possible discontinuance of Division 1. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses eg. (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 eTextbook and Media Save for Later Attempts:0 of 5 used Submit Answer (62) Prepare an incremental analysis concerning the possible discontinuance of Division II. (Enter negative amounts using either a negative sign preceding the number es. -45 or parentheses eg. (45)) Continue Eliminate Net Income Increase (Decrease) Contribution margin Fixed costs Cost of goods sold Selling and administrative Total forced expenses Income (loss) from operations $ eTextbook and Media Save for Later Attempts: 0 of 5 used Submit Answer Question of CRANE COMPANY CV mestom For at de Mar 2013 O IA DELL FE FO S 7 U O G J K L N M