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
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
icon
Concept explainers
Question

quetion is attached in thee ss below

need help asap

asap

thanks

fn4wgo25ohin5

h5noih

 

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
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 1 images

Blurred answer
Knowledge Booster
Budgeting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education