Clifford 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.) Budgeted data for the same time period for the pharmaceutical segment are as follows (all data is 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%). 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 Clifford - Pharmaceutical Segment For Fiscal Year Ending December 31 Actual Bugeted $ 861,300 $ 783,000 $ Variance 78,300F Variance % 10% Sales Less Variable Expenses: Variable Cost of Goods Sold Variable Operating Expenses 3 w % 161,298 170,520 156,600 174,000 4,698 U 3,480 F 77,082 F 2 % 529,482 452,400 17.04 Contribution Margin Less Direct Fixed Expenses: Fixed Manufacturing Overhead 4.76% 89,250 22,260 85,000 21,000 346,400 Fixed Operating Expenses Segment Margin _ 1,260 71302 F 417702 20.58% * Data Table ost recent to view the the same lows (all de to view the bort. Round htages (for e 6.24%). the perfor en, finally, e percenta Sales Variable Cost of Goods Sold ............ $ Variable Operating Expenses ...........$ Direct Fixed Manufacturing Overhead .... Direct Fixed Operating Expenses ........ $ Common Fixed Expenses ...... 861,300 161,298 170,520 89,250 22,260 19.760 pport through ces as posit Data Table 8,700 0 0 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.... $ 0 0 20 85,000 21,000 19,000 0