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Campbell Industries has gathered the following information about the actual sales revenues and expenses for its pharmaceuticals segment for the most recent year. E (Click the icon to view the actual data.) 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%). Budgeted data for the same time period for the pharmaceutical segment are as follows (all data are in millions): E (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 Data table Campbell - Pharmaceutical Segment For Fiscal Year Ending December 31 Bugeted Sales... $ 1,304,160 Actual Variance Variance % Variable Cost of Goods Sold. 2$ 174,240 Sales % Less Variable Expenses: Variable Operating Expenses %24 224,224 Direct Fixed Manufacturing Overhead 113,400 Variable Cost of Goods Sold % Direct Fixed Operating Expenses.. %2$ 22,890 Variable Operating Expenses % Common Fixed Expenses.......... 16,480 Contribution Margin % Less Direct Fixed Expenses: Fixed Manufacturing Overhead Data table Fixed Operating Expenses Segment Margin Budgeted sales in units... 8,800 Less Common Fixed Expenses Budgeted average selling price per unit 2$ 130 allocated to the profit center: % Variable Cost of Goods Sold per unit. $ 18 .. Operating Income Variable Operating Expenses per unit $ 26 Direct Fixed Manufacturing Overhead (in total) $ 105,000 Direct Fixed Operating Expenses (in total) $ 21,000 b7 Next Common Fixed Expenses Allocated to the Pharmaceutical Segment $ 16,000

Campbell Industries has gathered the following information about the actual sales revenues and expenses for its pharmaceuticals segment for the most recent year. E (Click the icon to view the actual data.) 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%). Budgeted data for the same time period for the pharmaceutical segment are as follows (all data are in millions): E (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 Data table Campbell - Pharmaceutical Segment For Fiscal Year Ending December 31 Bugeted Sales... $ 1,304,160 Actual Variance Variance % Variable Cost of Goods Sold. 2$ 174,240 Sales % Less Variable Expenses: Variable Operating Expenses %24 224,224 Direct Fixed Manufacturing Overhead 113,400 Variable Cost of Goods Sold % Direct Fixed Operating Expenses.. %2$ 22,890 Variable Operating Expenses % Common Fixed Expenses.......... 16,480 Contribution Margin % Less Direct Fixed Expenses: Fixed Manufacturing Overhead Data table Fixed Operating Expenses Segment Margin Budgeted sales in units... 8,800 Less Common Fixed Expenses Budgeted average selling price per unit 2$ 130 allocated to the profit center: % Variable Cost of Goods Sold per unit. $ 18 .. Operating Income Variable Operating Expenses per unit $ 26 Direct Fixed Manufacturing Overhead (in total) $ 105,000 Direct Fixed Operating Expenses (in total) $ 21,000 b7 Next Common Fixed Expenses Allocated to the Pharmaceutical Segment $ 16,000

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 25E: Lowell Manufacturing Inc. has a normal selling price of 20 per unit and has been selling 125,000...
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Campbell Industries has gathered the following information about the actual sales revenues and expenses for its pharmaceuticals segment for the most recent year. E (Click the icon to view the actual data.) 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%). Budgeted data for the same time period for the pharmaceutical segment are as follows (all data are in millions): E (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 Data table Campbell - Pharmaceutical Segment For Fiscal Year Ending December 31 Actual Bugeted Sales... $ 1,304,160 Variance Variance % Variable Cost of Goods Sold $ 174,240 Sales % Less Variable Expenses: Variable Operating Expenses 224.224 Variable Cost of Goods Sold % Direct Fixed Manufacturing Overhead $ 113,400 Direct Fixed Operating Expenses 22,890 Variable Operating Expenses % Common Fixed Expenses ......... 16,480 Contribution Margin % Less Direct Fixed Expenses: Fixed Manufacturing Overhead Data table Fixed Operating Expenses % Segment Margin % Budgeted sales in units. . 8,800 Less Common Fixed Expenses Budgeted average selling price per unit 130 allocated to the profit center: % Variable Cost of Goods Sold per unit. 18 Operating Income % Variable Operating Expenses per unit 26 Direct Fixed Manufacturing Overhead (in total) 105,000 Direct Fixed Operating Expenses (in total). 21,000 07 Next Common Fixed Expenses Allocated to the Pharmaceutical Segment $ 16,000
Transcribed Image Text:Campbell Industries has gathered the following information about the actual sales revenues and expenses for its pharmaceuticals segment for the most recent year. E (Click the icon to view the actual data.) 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%). Budgeted data for the same time period for the pharmaceutical segment are as follows (all data are in millions): E (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 Data table Campbell - Pharmaceutical Segment For Fiscal Year Ending December 31 Actual Bugeted Sales... $ 1,304,160 Variance Variance % Variable Cost of Goods Sold $ 174,240 Sales % Less Variable Expenses: Variable Operating Expenses 224.224 Variable Cost of Goods Sold % Direct Fixed Manufacturing Overhead $ 113,400 Direct Fixed Operating Expenses 22,890 Variable Operating Expenses % Common Fixed Expenses ......... 16,480 Contribution Margin % Less Direct Fixed Expenses: Fixed Manufacturing Overhead Data table Fixed Operating Expenses % Segment Margin % Budgeted sales in units. . 8,800 Less Common Fixed Expenses Budgeted average selling price per unit 130 allocated to the profit center: % Variable Cost of Goods Sold per unit. 18 Operating Income % Variable Operating Expenses per unit 26 Direct Fixed Manufacturing Overhead (in total) 105,000 Direct Fixed Operating Expenses (in total). 21,000 07 Next Common Fixed Expenses Allocated to the Pharmaceutical Segment $ 16,000
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