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; $1,500,000