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Prepare a columnar condensed income statement for Crane Company, assuming Division II is eliminated. Division II's unavoidable
fixed costs are allocated equally to the continuing divisions.

Sagot :

Khuranashilpa76idn

Crane Company engages in the management of a subsidiary, which manufactures aerospace equipment, electronics systems, and flows control systems. The company was founded on December 2, 2021, and is headquartered in Stamford.

Crane Company manufactures engineered industrial products. The Company offers vending machines, airplane braking devices, pumps, valves, and other industrial goods.

Fixed Portion of COGS:

Revised Fed COGS for other even

Dwisont Sssoo0 $2850 555.000

Divison $510 § 2880 $57,050

Diisioniv S290 $ 280 S$ osa30

($25,30°9018)/3 = $4,305

Division Smee $4305 $a.

Dwison it $2000 $ 4305 $33,205

Division v 3 19;00 $4305 $23,805

‘visions 7 m w. OTA)

Sales 324500] § 5.04000] 5 —4.50,000/ 3 11,39.00

Variable cone

Cost of goods sid $_aasio0|$_2asaz0| 5 asso] $s 7570)

Selling and sdminirative '$_15,236] § 3,000] $20,500] $ 97.76

Total variable costs $ra236] $275.20] § 217.250] § 667306)

Contribution margin $7768] $228,180] 5 232750] 5 531608)

Costof goods aid 3 seaw0] $ S780] 3 a0] $_aawTD

selling and edrniaive Sages] $_3305[ 5 23.605[ 5 1.05 570)

Tol Fined costs '$it5.49] § 90,365] § a.sa5| $ —2.24,509]

incomel les) rom operations $_-34s85[$ i785] $ aas.is| $ —247.085

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