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Crane Industries developed the following information for the product itsells: Sales price $50 per unit...

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Crane Industries developed the following information for the product itsells: Sales price $50 per unit $28.00 per unit Variable cost of goods sold Fixed cost of goods sold Variable selling expense $674.000 10% of sales price Variable administrative expense $2.00 per unit Fixed selling expense $424,000 Fixed administrative expense $324,000 For the year ended December 31, 2022. Crane produced and sold 124.000 units of product, (a) Prepare a CVP income statement using the contribution margin format for Crane Industries for 2022. (List variable exper before fixed expenses) CRANE INDUSTRIES Income Statement For the Month Ended December co wel Sales $ 6200000 Variable expenses Cost of goods sold $ 3472000 Administrative expenses 248000 Selling expenses

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