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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 480,000 $ 1,500 Personal Computers 610,000 1,310 Handheld Devices 500,000 $ 435 Total $ $ $ 5 S $ 430 100 6@ 40 50 360 80 70 2e 30 35 50 35 10 4 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 $75,320,000 50,470,000 72,190, 880 $ 81,650,000 85,030,000 240,880,000 $53, 160,000 16,490,000 39,880,000 $44,080,000 36,780,000 54,550,000 14,950,000 Required: 1. & 2. Prepare a segmented performance report: Compute the contribution margin percentage and segment margin percentage. (Round "Percentage" answers to 1 decimal place, (i.e., 0.123 should be considered as 12.3%).) PRAIRIE ELECTRONICS Segment Performance Report Profit Centres High-end Personal Speakers Computers Handheld Devices Total Company Less: Variable costs Total variable expenses S 0$ 0 $ 0 0$ 0 Less: Direct fixed costs Total fixed expenses $ 5 s 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)
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