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Drizzdale 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 are in millions): (Click the icon to view the budgeted data.) Sales Less Variable Expenses: 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 Variable Cost of Goods Sold Variable Operating Expenses Contribution Margin Drizzdale - Pharmaceutical Segment For Fiscal Year Ending December 31 Bugeted Actual -C Variance Variance % % % %6 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%). %6

Drizzdale 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 are in millions): (Click the icon to view the budgeted data.) Sales Less Variable Expenses: 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 Variable Cost of Goods Sold Variable Operating Expenses Contribution Margin Drizzdale - Pharmaceutical Segment For Fiscal Year Ending December 31 Bugeted Actual -C Variance Variance % % % %6 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%). %6

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Data table Sales... Variable Cost of Goods Sold Variable Operating Expenses Direct Fixed Manufacturing Overhead Direct Fixed Operating Expenses. Common Fixed Expenses $ 866,320 $ 143,325 162,162 96,300 $ 17,280 14,140 $ $ - $ X Data table 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 $ I 9,100 85 15 18 90,000 16,000 14,000
Transcribed Image Text:Data table Sales... Variable Cost of Goods Sold Variable Operating Expenses Direct Fixed Manufacturing Overhead Direct Fixed Operating Expenses. Common Fixed Expenses $ 866,320 $ 143,325 162,162 96,300 $ 17,280 14,140 $ $ - $ X Data table 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 $ I 9,100 85 15 18 90,000 16,000 14,000
Drizzdale 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 are in millions): (Click the icon to view the budgeted data.) Sales Less Variable Expenses: 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 Variable Cost of Goods Sold Variable Operating Expenses Contribution Margin Drizzdale - Pharmaceutical Segment For Fiscal Year Ending December 31 Bugeted Actual -C Variance Variance % % % %6 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%). %6
Transcribed Image Text:Drizzdale 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 are in millions): (Click the icon to view the budgeted data.) Sales Less Variable Expenses: 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 Variable Cost of Goods Sold Variable Operating Expenses Contribution Margin Drizzdale - Pharmaceutical Segment For Fiscal Year Ending December 31 Bugeted Actual -C Variance Variance % % % %6 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%). %6
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