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

Calculation of Controllable Margin and CPC at Operating IncomeBased on the provided financial data,…

Answered: Phelps Glass Incorporated has reported…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter7: Variable Costing For Management analysis

Section: Chapter Questions

Problem 16E

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