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Phelps Glass Incorporated has reported the following financial data: net revenues of $11.9 million, variable costs of $5.19 million, controllable fixed costs of $2.19 million, noncontrollable fixed costs of $1.19 million, and nontraceable costs of $690,000. What are the controllable margin, CPC, and operating income, respectively? $5,190,000; $3,000,000; $690,000 $2,190,000; $1,880,000; $690,000 $4,520,000; $3,330,000; $2,640,000 $11,900,000; $2,190,000; $1,880,000

Phelps Glass Incorporated has reported the following financial data: net revenues of $11.9 million, variable costs of $5.19 million, controllable fixed costs of $2.19 million, noncontrollable fixed costs of $1.19 million, and nontraceable costs of $690,000. What are the controllable margin, CPC, and operating income, respectively? $5,190,000; $3,000,000; $690,000 $2,190,000; $1,880,000; $690,000 $4,520,000; $3,330,000; $2,640,000 $11,900,000; $2,190,000; $1,880,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Phelps Glass Incorporated has reported the following financial data: net revenues of $11.9 million, variable costs of $5.19 million, controllable fixed costs of $2.19 million, noncontrollable fixed costs of $1.19 million, and nontraceable costs of $690,000. What are the controllable margin, CPC, and operating income, respectively? $5,190,000; $3,000,000; $690,000 $2,190,000; $1,880,000; $690,000 $4,520,000; $3,330,000; $2,640,000 $11,900,000; $2,190,000; $1,880,000
Transcribed Image Text:Phelps Glass Incorporated has reported the following financial data: net revenues of $11.9 million, variable costs of $5.19 million, controllable fixed costs of $2.19 million, noncontrollable fixed costs of $1.19 million, and nontraceable costs of $690,000. What are the controllable margin, CPC, and operating income, respectively? $5,190,000; $3,000,000; $690,000 $2,190,000; $1,880,000; $690,000 $4,520,000; $3,330,000; $2,640,000 $11,900,000; $2,190,000; $1,880,000
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