Exercise 18- 22 Phelps Glass Inc. has reported the following financial data:
net revenue of $10 million.
Variable cost of $5 million,
controllable fixed costs of $2 million,
non-controllable fixed costs $1 million
and untraceable costs of $500,000.
The accounting manager has supplied you with data and asked you to come up with the
controllable margin,
total contribution,
and CPC
and operating income.