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View Policies Current Attempt in Progress Crane Inc. had sales of $2,350,000 for the first quarter of 2020. In making the sales, the company incurred

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View Policies Current Attempt in Progress Crane Inc. had sales of $2,350,000 for the first quarter of 2020. In making the sales, the company incurred the following costs and expenses. Cost of goods sold Selling expenses Administrative expenses Variable $939,000 114,000 88,000 Fixed $459,000 55,000 116,000 Prepare a CVP income statement for the quarter ended March 31, 2020. CRANE INC. CVP Income Statement For the Quarter Ended March 31, 2020 Sales $ Variable Costs > Contribution Margin

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