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Please assist with the following 18-22 Phelps Glass Inc. has reported the following financial data: net revenues of $10 million, variable costs of $5 million,

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18-22 Phelps Glass Inc. has reported the following financial data: net revenues of $10 million, variable costs of $5 million, controllable fixed costs of $2 million, noncontrollable fixed costs of $1 million, and nontraceable costs of $500,000, What are the controllable margin, CPC, and operating income, respectively? a. $5.000.000: $3.000.000; $500.000 b. $2,000,000: $1.500.000; $500.000 c. $3.000,000; $2,000,000; $1.500.000 d. $1,000,000; $2,000,000; $1,500,00018-23 Manuel Inc. produces textiles in many different forms. After recording lower than anticipated profits last year, Manuel has decided to shut down one of its divisions that is not performing well. The accounting manager has compiled the following data on the two divisions being considered for closing and has asked you to evaluate the short-term and long- term effects on profits of closing each division. Which division should be closed if Manuel is most concerned with increasing long-run profits? Winter Outerwear High-End Suits Net revenues $1.000,000 $5,000,000 Variable costs 500.000 2.000.000 Contribution margin 500.000 3.000.000 Controllable fixed costs 2.000.000 Controllable margin 500.000 1,000,000 Noncontrollable fixed costs 750,000 1,500,000 Contribution by division $ (250,000) $ (500,000) a. Winter Outerwear Page 804 b. High-End Suits c. Closing either would have the same impact on long-run profits.18-30 Allocation of Marketing and Administrative Costs; Profit SBUs Chilton Day School allocates marketing and administrative costs to its three schools based on total annual tuition revenue for the schools. Last year the allocations (000s omitted) were as follows: Preschool Middle School High School Total Tuition revenue $1.500 $1.800 $2.200 $5.500 Marketing and administration 275 325 400 1.000 In the current year, the middle and high schools experienced no change in revenues, but the preschool's tuition Page 806 revenue increased to $1.9 million. Marketing and administrative costs rose to $1,250,000. Required 1. Using revenue as an allocation base, how should the costs be allocated for the current year

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