Brief Exercise 10-8

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$761,080 budget, $783,426 actual; controllable fixed costs$300,400 budget, $303,900 actual. Average operating assets for the year were $2,094,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin. (Round ROI to 1 decimal place, e.g. 1.5.)