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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

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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-$742, 140 budget, $759,125 actual; controllable fixed costs-$298,400 budget, $305,300 actual. Average operating assets for the year were $2,017,000, Prepare a responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2020. (Round Rol to 1 decimal place, eg. 1.5%) COBB COMPANY Plastics Division Responsibility Report For the Year Ended December 31, 2020 Budget Actual $ $ % % COBB COMPANY Plastics Division Responsibility Report For the Year Ended December 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable udget Actual %6

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