Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Prairie Electronics, located in Regina, manufactures three product lines: (1) high-end speakers, (2) personal computers, and (3) handheld devices. For 2020, it compiled the following

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Prairie Electronics, located in Regina, manufactures three product lines: (1) high-end speakers, (2) personal computers, and (3) handheld devices. For 2020, it compiled the following budgeted data: Total High-end Speakers 410,000 $ 1,500 Personal Computers 620,000 1,320 Handheld Devices 510,000 445 $ $ $ $ $ 370 120 80 60 70 370 140 130 80 90 50 25 50 4 2 Sales (in units) Price (per unit) Variable costs per unit: Direct materials Direct labour Overhead Shipping Sales commissions Direct fixed costs: Salaries Utilities Depreciation Common fixed costs: Corporate salaries Building depreciation Legal & accounting Other $77, 700,000 S 83,620,000 $55, 470,000 52,060,000 65, 470,000 17,210,000 74, 470,000 134,040,000 41, 610,000 $46,000,000 38, 380,000 56, 920,000 15,600,000 reyuncu 1. & 2. Prepare a segmented performance report; Compute the contribution margin percentage and segment margin percentage. (Round "Percentage" answers to 1 decimal place, (l.e., 0.123 should be considered as 12.3%).) PRAIRIE ELECTRONICS Segment Performance Report Profit Centres High-end Personal Speakers Computers Handheld Devices Total Company Less: Variable costs: Total variable expenses $ 0 $ 0 $ 0 $ 0 Less: Direct fixed costs Less: Direct fixed costs Total fixed expenses $ 0 $ 0 0 0 Less Common fixed costs Total common fixed costs $ 0 % % % % % % 3-a. Allocate the common fixed expenses equally to the three segments and prepare a performance report. (Negative amounts should be indicated with a minus sign.) PRAIRIE ELECTRONICS Profit Centres High-end Personal Speakers Computers Handheld Devices Total Company Less: Common fixed expenses Allocated portion Net income (loss)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Marketing Audit Guide What It Is Why Your Business Needs One And How To Do It

Authors: Susan G Tyson

1st Edition

B0C12D3DD6, 979-8388994868

More Books

Students also viewed these Accounting questions