FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Crane Manufacturing Ltd's sales for the year ended December 31, 2022 are $1.24 million. The expenses for 2022 are as follows:
Cost of goods sold
Selling expenses
Variable
Fixed
$416,000 $234.000
34,320
46,800
72,800
Administrative expenses 36,320
Prepare a detailed CVP income statement for the year ended December 31, 2022.
Crane Manufacturing Ltd.
CVP Income Statement
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