Prepare a segment margin performance report for the pharmaceutical segment. Calculate a variance and a variance percentage for each line in the report. Round to the nearest hundredth for the variance percentages (for example, if your answer is 16.2384%, round it to 16.24%). Begin by preparing the performance report through the contribution margin line. Next, complete the report through the segment margin line, and then, finally, complete the report through the operating income line.

UUULTUULLIIUIIIU VvVITINUVI Actual Bugeted Variance Variance % $ F - Sales Less Variable Expenses: Variable Cost of Goods Sold Variable Operating Expenses Contribution Margin Less Direct Fixed Expenses: Fixed Manufacturing Overhead 4 Fixed Operating Expenses Segment Margin Less Common Fixed Expenses - - - . . allocated to the profit center: Operating Income A A Sales ........... $ Variable Cost of Goods Sold ............. Variable Operating Expenses ........ Direct Fixed Manufacturing Overhead .... Direct Fixed Operating Expenses ........ $ Common Fixed Expenses . 822,800 232,320 250,800 85,850 28,340 18,530 A ses . . . . . . . . . . . . . . A Budgeted sales in units......... 8,800 s os os Budgeted average selling price per unit....... Variable Cost of Goods Sold per unit ........ Variable Operating Expenses per unit ... Direct Fixed Manufacturing Overhead (in total) ........ Direct Fixed Operating Expenses (in total). ........................... $ Common Fixed Expenses Allocated to the Pharmaceutical Segment .... $ os 85,000 26,000 17,000