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$782,200 budget, $790,220 actual; controllable fixed costs$297,400 budget, $303,400 actual. Average operating assets for the year were $2,020,000. 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, e.g. 1.5%.)

COBB COMPANY Plastics Division Responsibility Report For the Year Ended December 31, 2020
								Difference
		Budget			Actual			Favorable Unfavorable Neither Favorable nor Unfavorable
Select an opening responsibility report item Net Income/(Loss)Fixed CostsControllable MarginReturn on InvestmentControllable Fixed CostsVariable CostsGross ProfitContribution Margin		$Enter a dollar amount			$Enter a dollar amount			$Enter the difference		Select an option FavorableUnfavorableNeither Favorable nor Unfavorable
Select a responsibility report item Contribution MarginVariable CostsReturn on InvestmentGross ProfitControllable MarginNet Income/(Loss)Fixed CostsControllable Fixed Costs		Enter a dollar amount			Enter a dollar amount			Enter the difference		Select an option FavorableUnfavorableNeither Favorable nor Unfavorable
Select a responsibility report item Net Income/(Loss)Controllable Fixed CostsControllable MarginGross ProfitFixed CostsContribution MarginReturn on InvestmentVariable Costs		$Enter a total of the two previous amounts			$Enter a total of the two previous amounts			$Enter the difference		Select an option FavorableUnfavorableNeither Favorable nor Unfavorable
Select a closing responsibility report item Controllable MarginNet Income/(Loss)Contribution MarginGross ProfitControllable Fixed CostsVariable CostsFixed CostsReturn on Investment		Enter percentages	%		Enter percentages	%		Enter the difference	%	Select an option FavorableUnfavorableNeither Favorable nor Unfavorable