1) For the year ending December 31, 2017, Cobb Company accumulates the following data for the Plastics Division which it operates as an investment center: contribution margin$780,680 budget, $791,668 actual; controllable fixed costs$301,400 budget, $304,400 actual. Average operating assets for the year were $1,997,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin. (Round ROI to 1 decimal place, e.g. 1.6.)

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2) For the year ending December 31, 2017, Cobb Company accumulates the following data for the Plastics Division which it operates as an investment center: contribution margin$780,680 budget, $791,668 actual; controllable fixed costs$301,400 budget, $304,400 actual. Average operating assets for the year were $1,997,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin. (Round ROI to 1 decimal place, e.g. 1.6.)

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3) For its three investment centers, Gerrard Company accumulates the following data:

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4) For its three investment centers, Gerrard Company accumulates the following data:

The centers expect the following changes in the next year: (I) increase sales 20%; (II) decrease costs $439,000; (III) decrease average operating assets $460,000. Compute the expected return on investment (ROI) for each center. Assume center I has a controllable margin percentage of 76%. (Round ROI to 1 decimal place, e.g. 1.5.)

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5) Sterling, Inc. reports the following financial information.

COBB COMPANY Plastics Division Responsibility Report For the Year Ended December 31, 2017 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual % COBB COMPANY Plastics Division Responsibility Report For the Year Ended December 31, 2017 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual % % %