Canon Industries has gathered the following information about the actual sales revenues and expenses for its pharmaceuticals segment for the most recent year.

Sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	$1,330,550
Variable Cost of Goods Sold. . . . . . . . . . . .	$215,736
Variable Operating Expenses. . . . . . . . . . .	$161,980
Direct Fixed Manufacturing Overhead. . . .	$116,630
Direct Fixed Operating Expenses. . . . . . . .	$27,500
Common Fixed Expenses. . . . . . . . . . . . . .	$22,000

Budgeted data for the same time period for the pharmaceutical segment are as follows (all data is in millions):

Budgeted sales in units. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	8,900
Budgeted average selling price per unit. . . . . . . . . . . . . . . . . . . . . . . . . . .	$130
Variable Cost of Goods Sold per unit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	$24
Variable Operating Expenses per unit. . . . . . . . . . . . . . . . . . . . . . . . . . . . .	$20
Direct Fixed Manufacturing Overhead (in total). . . . . . . . . . . . . . . . . . . . . .	$107,000
Direct Fixed Operating Expenses (in total). . . . . . . . . . . . . . . . . . . . . . . . .	$25,000
Common Fixed Expenses Allocated to the Pharmaceutical Segment. . . .	$20,000

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%).

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 hundredthpercent, X.XX%.)

Performance Report Canon - Pharmaceutical Segment For Fiscal Year Ending December 31

	Actual	Budgeted	Variance	F or U	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