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$709,850 budget, $719,685 actual; controllable fixed costs$301,400 budget, $305,400 actual. Average operating assets for the year were $1,945,000.

Prepare a responsibility report for the Plastics Division beginning with contribution margin. (Round ROI to 1 decimal place, e.g. 1.5.)

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-$709,850 budget, $719,685 actual; controllable fixed costs-$301,400 budget, $305,400 actual. Average operating assets for the year were $1,945,000 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 Favarable Uefavorable Neither Faerabe nor Unfaverable Budget Actual Click if you would like to Show Work for this question: Open Show Work