Question

Drizzdale Industries has gathered the following information about the actual sales revenues and expenses for its pharmaceuticals segment for the most recent year eE! (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): 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%). (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, XXX%.) Performance Report Drizzdale Pharmaceutical Segment For Fiscal Year Ending December 31 Data Table Actual Bugeted Variance Variance % Sales . . .. $ 866,320 143,325 S 162,162 $ 96,300 $ 17,280 14,140 Sales Variable Cost of Goods Sold Variable Operating Expenses Direct Fixed Manufacturing Overhead Direct Fixed Operating Expenses Common Fixed Expenses Less Variable Expenses: Variable Cost of Goods Sold Variable Operating Expenses Contribution Margin PrintDone Drizzdale Industries has gathered the following information about the actual sales revenues and expenses Prepare a segment margin performance report for the pharmaceutical segment. Calculate a variance and a for its pharmaceuticals segment for the most recent year 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%). (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): EEB (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 Data Table Performance Report Drizzdale Pharmaceutical Segment For Fiscal Year Ending December 31 Actual Bugeted Variance Variance % Budgeted sales in units Budgeted average selling price per unit Variable Cost of Goods Sold per unit Variable Operating Expenses per unit Direct Fixed Manufacturing Overhead (in total) Direct Fixed Operating Expenses (in total) Common Fixed Expenses Allocated to the Pharmaceutical Segment . .. $14,000 9,100 85 15 18 $90,000 $16.000 Sales Less Variable Expenses: Variable Cost of Goods Sold Variable Operating Expenses Contribution Margin Print Done

Answer 1

Perfomance Report

Drizzdale - Phramaceutical Segment

For Fiscal year ending December 31

Particular	Actual ($)	Budgeted ($)	Variance ($)	Variance %
Sales	866,320	773,500	92,820 F	12 F
Less : Variable Exp.
Variable Cost of goods sold	143,325	136,500	6,825 F	5 F
Variable Operating Exp.	162,162	163,800	(1,638) U	(1) U
Contribution margin	560,833	473,200	87,633 F	18.52 F