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

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: High-end Speakers Personal Computers Handheld Devices Total Sales (in units) 420,000 630,000 520,000 Price (per unit) $ 1,500 $ 1,330 $ 455 Variable costs per unit: Direct materials $ 410 $ 360 $ 70 Direct labour 110 130 25 Overhead 70 120 15 Shipping 50 70 6 Sales commissions 60 80 2 Direct fixed costs: Salaries $ 80,100,000 $ 85,610,000 $ 57,830,000 Utilities 53,670,000 67,030,000 17,940,000 Depreciation 76,770,000 147,230,000 43,380,000 Common fixed costs: Corporate salaries $ 47,960,000 Building depreciation 40,010,000 Legal & accounting 59,340,000 Other 36,260,000 Required: 1. & 2. Prepare a segmented performance report; Compute the contribution margin percentage and segment margin percentage. (Round "Percentage" answers to 1 decimal place, (i.e., 0.123 should be considered as 12.3%).)

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

Quality Assessment Manual For The Internal Audit Activity

Authors: The Internal Audit Foundation

2017 Edition

0894139975, 978-0894139970

More Books

Students also viewed these Accounting questions