Problem:
You are the new controller for a non-public corporation. The CFO has come to you asking for more and better information about the company's cost structure. You are so new that you do not, as yet, have any idea of how to answer the question.
Required:
Question 1: Where would you start?
Question 2: Whom would you talk to first?
Question 3: What questions would you ask?
Note: Please provide equation and explain comprehensively and give step by step solution.