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Brief Exercise 22-8 For the year ending December 31, 2017, Cobb Company accumulates the following data for the Plastics Division which it operates as an

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Brief Exercise 22-8 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-$792,700 budget, $799,328 actual; controllable fixed costs$301,700 budget, $304,400 actual. Average operating assets for the year were $1,964,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin. (Round ROI to 1 decimal place, e.g. 1.5.) COBB COMPANY Plastics Division Responsibility Report For the Year Ended December 31, 2017 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual $ $ $ % % % > Click if you would like to Show Work for this question: Open Show Work

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