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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:
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-$658,580 budget, $676,782 actual; controllable fixed costs-$301,100 budget, $305,400 actual. Average operating assets for the year were $1,986,000. 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, eg. 1.5%) COBB COMPANY Plastics Division Responsibility Report For the Year Ended December 31, 2020
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