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Clifford Industries has gathered the following information about the actual sales revenues and expenses for its pharmaceuticals segment for the most recent year (Click the

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Clifford 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 budgetod 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 10 2384% round it to 16 24%) GER Begin by preparing the performance report through the contribution marginine 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 varianco percentages to the nearest hundred percent X XX%) Performance Report Clifford - Pharmaceutical Segment For Fiscal Year Ending December 31 Actual Bugeted Varance Variance % % Sales Less Vanable Expenses Vanable Cost of Goods Sold Variable Operating Expenses 96 Contribution Margin Data Table er $ 751 680 hta . 328,860 202,275 . Sales Variable Cost of Goods Sold ..., $ Variable Operating Expenses $ Direct Fixed Manufacturing Overhead .....$ Direct Fixed Operating Expenses. Common Fixed Expenses ..... $ 93,600 . . . . . ... $ 32,100 21,630 Data Table 8,700 80 $ 35 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_$ 25 90,000 30,000 21,000

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