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stepan [7]
3 years ago
15

The following information is available for Crane Company: Sales $480000 Total fixed expenses $150000 Cost of goods sold 290000 T

otal variable expenses 260000 A CVP income statement would report __________.
Business
1 answer:
r-ruslan [8.4K]3 years ago
6 0

Answer:

The CVP income statement would report a contribution margin $220000.

Explanation:

CVP income statement

sales                               $480000

total variable cost          ($260000)

contribution margin       $220000

total fixed expenses      ($150000)

operating income            $70000

Therefore, The CVP income statement would report a contribution margin $220000.

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Answer:

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Explanation:

To calculate the cost per unit of a product, we need to convert all the total costs into per unit costs. We also need to find out the Overhead Absorption Rate (OAR) for company's overheads and distribute them among products based on the direct labor costs used by each unit of a product.

Total direct labor cost = 12000 + 28000 = 40000

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Total cost per unit of Product B = 2.11 + 3.11 + 4.4095  =  $9.7295

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3 years ago
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