Clayton 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.) 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%), positive 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 numbers. Round the variance percentages to the nearest hundredth percent, X.XX%.) Performance Report Clayton - Pharmaceutical Segment - X Data Table For Fiscal Year Ending December 31 Actual Bugeted Variance Variance % 707,550 $ Sales 667,500 $ 40.050 F 6 % Budgeted sales in units 8,900 Less Variable Expenses: Budgeted average selling price per unit $ 75 Variable Cost of Goods Sold 254,540 231,400 23,140 U 10 % Variable Cost of Goods Sold per unit. $ 26 169,100 178,000 8,900 F Variable Operating Expenses Variable Operating Expenses per unit. 20 283,910 258, 100 Contribution Margin 25,810 $ % Direct Fixed Manufacturing Overhead (in total) 99,000 Direct Fixed Operating Expenses (in total)... Less Direct Fixed Expenses: $ 22,000 16,000 Fixed Manufacturing Overhead % Common Fixed Expenses Allocated to the Pharmaceutical Segment $ Fixed Operating Expenses 5 % $ 10 $ % Segment Margin % Print Done X Data Table 707,550 254,540 ....S Sales S Variable Cost of Goods Sold Variable Operating Expenses ........... S Direct Fixed Manufacturing Overhead ....S Direct Fixed Operating Expenses......... S Common Fixed Expenses ...............S 169,100 101,970 Check Answer 23,540 17,440