Question

Prepare a segment margin performance report for the pharmaceutical segment. Calculate a variance and a variance percentage for each line in the report. Round to the nearest hundredth for the variance percentages (for example, if your answer is 16.2384%, round it to 16.24%). Carvell Industries has gathered the following information about the actual sales revenues and expenses for its pharmaceuticals segment for the most recent year. Click the icon to view the actual data.) Budgeted data for the same time period for the pharmaceutical segment are as follows (all data is in millions): (Click the icon to view the budgeted data.) Begin by preparing the performance report through the contribution margin line. Next, complete the report through the segment margin line, and then, finally, complete the report through the operating income line. (Enter the variances as positive numbers. Round the variance percentages to the nearest hundredth percent, X.XX%) Performance Report Carvell - Pharmaceutical Segment For Fiscal Year Ending December 31 Actual Bugeted Variance Variance % % Sales Less Variable Expenses: Variable Cost of Goods Sold % % % % Variable Operating Expenses Contribution Margin Less Direct Fixed Expenses: Fixed Manufacturing Overhead Fixed Operating Expenses Segment Margin Less Common Fixed Expenses allocated to the profit center: % % % Operating Income % Choose from any list or enter any number in the input fields and then continue to the next question. ?

Answer 1

Date Page . 5), U f ay Performance Report Achal Budgeted Vassand Sales 1360450 1183000 177450 F 15%. (vasiable Expenses Variable COGS 0071990) (16380 8190 - Variable opesting (132496) (145600) 13104 Expenses Contribution Margin 1086964873600 182364 (-) Divert fixed Expenses fined Mamefactustuk(106090) (103000) 3090 (327009 (30000) 97. Quesheed Segment mangle 19 17 174 740600 176574 F 23.847 (-) Common fixed Exp. (24840) (23000) 1840 operating Turone 1892334 717600 174734 + 94.35% 20.875 3% C fixed opeseting 2700