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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8b5f8c93-e229-4ce9-ad45-74f0c611a8e7%2F049c19b6-0601-4e70-9380-c0f253e1ebb6%2Fg0ql15f_processed.png&w=3840&q=75)
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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