Brief Exercise 10-8 For the year ending December 31, 2020, Cobb Company accumulates the following data for the Plastics Division which it operates as an investment center: contribution margin-$671,110 budget, $695,741 actual; controllable fixed costs-$298,900 budget, $305,900 actual. Average operating assets for the year were $1,959,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2020. (Round ROI to 1 decimal place, e.g. 1.5%.) COBB COMPANY Plastics Division Responsibility Report For the Year Ended December 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Neither Favorable nor Unfavorable v $ Return on Investment Controllable Margin Variable Costs Net Income/(Loss) Controllable Fixed Costs Fixed Costs Gross Profit Contribution Margin Question Attempts: Unlimited