For the year ending December 31, 2014, Cobb Company accumulates the following data for the Plastics Division which it operates as an investment center: contribution margin$700,000 budget, $710,000 actual; controllable fixed costs$300,000 budget, $302,000 actual. Average operating assets for the year were $2,000,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin. (Round ROI to 1 decimal place, e.g. 1.5.)

or the year ending December 31, 2014, Cobb Company accumulates the following data for the Plastics Division which it operates as an investment center: contribution margin-$700,000 budget, 710,000 actual; controllable fixed costs-$300,000 budget, $302,000 actual. Average operating assets for the year were $2,000,000. repare 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, 2014 Difference Favorable F nfavorable U Neither Favorable nor Unfavorable N Budget Actual