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Problem 12-1 Preparing a Segmented Performance Report (LO1 - CC2, 3) Prairie Electronics, located in Regina, manufactures three product lines: (1) high-end speakers, (2) personal
Problem 12-1 Preparing a Segmented Performance Report (LO1 - CC2, 3) 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 Personal Handheld Speakers Computers Devices Total Sales (in units) 410,000 620,000 510,000 Price (per unit) 1, 500 $ 1, 320 $ 445 Variable costs per unit: Direct materials 370 $ 370 $ 50 Direct labour 120 140 25 Overhead 80 130 50 Shipping 60 80 4 Sales commissions 70 90 Direct fixed costs: Salaries $77, 700, 000 $ 83, 620,090 $55, 470,000 Utilities 52, 060, 000 65, 470,000 17,210,000 Depreciation 74, 470,000 134, 040, 090 41, 610, 900 Common fixed costs: Corporate salaries $46, 000,000 Building depreciation 38, 380, 000 Legal & accounting 56, 920, 000 Other 15, 600, 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%).)
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