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$692,320 budget, $702,576 actual; controllable fixed costs$297,500 budget, $303,600 actual. Average operating assets for the year were $2,078,000. 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 Return on InvestmentControllable MarginGross ProfitNet Income/(Loss)Contribution MarginControllable Fixed CostsVariable CostsFixed Costs		$Enter a dollar amount			$Enter a dollar amount			$Enter the difference		Select an option FavorableUnfavorableNeither Favorable nor Unfavorable
Select a responsibility report item Return on InvestmentControllable MarginGross ProfitControllable Fixed CostsVariable CostsNet Income/(Loss)Contribution MarginFixed Costs		Enter a dollar amount			Enter a dollar amount			Enter the difference		Select an option FavorableUnfavorableNeither Favorable nor Unfavorable
Select a responsibility report item Variable CostsContribution MarginControllable Fixed CostsFixed CostsReturn on InvestmentNet Income/(Loss)Controllable MarginGross Profit		$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 Variable CostsGross ProfitContribution MarginControllable MarginReturn on InvestmentNet Income/(Loss)Controllable Fixed CostsFixed Costs		Enter percentages	%		Enter percentages	%		Enter the difference