18- 22 Phelps Glass

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.