Prairie Electronics, located in Regina, manufactures three product lines: (1) high-end speakers, (2) personal computers, and...
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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 budgeted data: Personal Computers Handheld Devices Total High-end Speakers 340,000 1,500 Sales (in units) Price (per unit) 440,000 375 Variable costs per unit: Direct materials Direct labour $ 426 40 120 48 Overhead 80 37 Shipping 30 4 30 20 20 2 Sales commissions Direct fixed costs: Salaries Utilities $61,560,000 41,250,000 59,000,250 $ 70,250,000 55,005,000 112,600,000 $40,330,000 12,500, 600 30,250,000 Depreciation Common fixed costs: Corporate salaries Building depreciation Legal & accounting Other $33,460,000 27,900,800 41,380,640 11,340,760 Required: 1. & 2. Prepare a segmented performance report; Compute the contribution margin percentage and segment margin percentage. (Round "Percentage" answer to 1 decimal place, (i.e., 0.123 should be considered as 12.3%).) PRAIRIE ELECTRONICS Segment Performance Report Profit Centres High-end Personal Computers Handheld Devices Total Company Speakers Less: Variable expenses: Total variable expenses Less: Direct fixed costs Total fixed expenses Less: Common fixed costs Total common fixed costs $ $ $ % % 550,000 1,250 384 210 110 $ $ % % % % 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 Handheld Total Company Speakers Computers Devices Less: Common fixed expenses Allocated portion Net income (loss) 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: Personal Computers Handheld Devices Total High-end Speakers 340,000 1,500 Sales (in units) Price (per unit) 440,000 375 Variable costs per unit: Direct materials Direct labour $ 426 40 120 48 Overhead 80 37 Shipping 30 4 30 20 20 2 Sales commissions Direct fixed costs: Salaries Utilities $61,560,000 41,250,000 59,000,250 $ 70,250,000 55,005,000 112,600,000 $40,330,000 12,500, 600 30,250,000 Depreciation Common fixed costs: Corporate salaries Building depreciation Legal & accounting Other $33,460,000 27,900,800 41,380,640 11,340,760 Required: 1. & 2. Prepare a segmented performance report; Compute the contribution margin percentage and segment margin percentage. (Round "Percentage" answer to 1 decimal place, (i.e., 0.123 should be considered as 12.3%).) PRAIRIE ELECTRONICS Segment Performance Report Profit Centres High-end Personal Computers Handheld Devices Total Company Speakers Less: Variable expenses: Total variable expenses Less: Direct fixed costs Total fixed expenses Less: Common fixed costs Total common fixed costs $ $ $ % % 550,000 1,250 384 210 110 $ $ % % % % 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 Handheld Total Company Speakers Computers Devices Less: Common fixed expenses Allocated portion Net income (loss)
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Sales Particulars Sales Less Variable cost Direct Material Direct Labour Overhead Shipping Sales Com... View the full answer
Related Book For
Introduction to Managerial Accounting
ISBN: 978-1259105708
5th Canadian edition
Authors: Peter C. Brewer, Ray H. Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan
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