Homework: Module 7 Homework Assignment Save Score: 0 of 15 pts 3 of 5 (4 complete) HW Score: 73.45%, 47.74 of 65 pts E10-19A (similar to) A Question Help 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 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 - X Data Table Clayton - Pharmaceutical Segment For Fiscal Year Ending December 31 Actual Bugeted Variance Variance % Sales $ 816,000 Sales Variable Cost of Goods Sold $ 159,120 Less Variable Expenses: Variable Operating Expenses $ 207,740 Variable Cost of Goods Sold Direct Fixed Manufacturing Overhead 117,700 Variable Operating Expenses Direct Fixed Operating Expenses $ 22.220 Common Fixed Expenses S Contribution Margin 15,300 % 2 % Data Table 8,500 $ 80 $ 18 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. 26 $ $ 107,000 $ 22,000 $ 15,000 Print Done Choose from any list or enter any number in the input fields and then click Check