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$799,100 budget, $807,988 actual; controllable fixed costs$300,100 budget, $303,000 actual. Average operating assets for the year were $1,996,000. 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%.)

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-$799,100 budget, $807,988 actual; controllable fixed costs-$300,100 budget, $303,000 actual. Average operating assets for the year were $1,996,000. 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 Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Contribution Margin Controllable Fixed Costs Controllable Margin Return on Investment