The Camping Division of CY Company is operated as a profit center. Sales for the division were budgeted for 2020 at $708,000. The only variable costs budgeted for the division were cost of goods sold ($336,000) and selling and administrative ($46,000). Fixed costs were budgeted at $78,000 for cost of goods sold. $71,000 for selling and administrative, and $68,000 for noncontrollable fixed costs. Actual results for these items were: Sales $687,000 Cost of goods sold Variable 311,000 Fixed 81,000 Selling and administrative Variable 47,000 Fixed 52,000 Noncontrollable fixed 68,000 Prepare a responsibility report for the Camping Division for 2020. CY Company Camping Division Responsibility Report For the Year Ended December 31, 2020 Sales Variable Costs Cost of Goods Sold Selling and Administrative Total Variable Costs Contribution Margin Controllable Fixed Costs Cost of Goods Sold Selling and Administrative Total Controllable Fixed Costs Controllable Margin $ Budget S Actual S $ $ Prepare a responsibility report for the Camping Division for 2020 CY Company Camping Division Responsibility Report For the Year Ended December 31, 2020 Budget $ Actual S Difference Favorable Unfavorable Neither Favorable nor Unfavorable s Assume the division is an investment center, and average operating assets were $1,000,000. The noncontrollable fixed costs are controllable at the investment center level. Compute ROI. (Round answer to 2 decimal places ea. 15.25% Return on investment Upon further analysis. CY Company determined that if it committed to a 12 month advertising campaign costing $19,000, it could increase budgeted sales by 25%. Variable costs also will increase by 25%. Fixed cost of goods sold would remain at $78,000 and selling and administrative expenses increases by the $19,000 cost of this contract to a total of $90,000. Noncontrollable fixed costs would remain at $68,000. This plan resulted in the following actual results: Sales $883,000 Cost of goods sold Variable 416,000 Fixed 81,000 Selling and administrative Variable 55,500 Fixed 70,000 Noncontrollable fixed 68,000 Prepare a responsibility report for the Camping Division based on the new projections. variable 55,500 Fixed 70,000 Noncontrollable fixed 68,000 Prepare a responsibility report for the Camping Division based on the new projections. CY Company Camping Division Responsibility Report Sales Nariable Costs Cost of Goods Sold Selling and Administrative Total Variable Costs Selling and Administrative Contribution Margin Controllable Fixed Coste Cost of Goods Sold Selling and Administrative Budget Actual $ $ Controllable Margin S Did the increase in advertising benefit the company? The increase in advertising the company S Prepare a responsibility report for the Camping Division based on the new projections. CY Company Camping Division Responsibility Report Budget $ $ Actual Did the increase in advertising benefit the company? The increase in advertising $ the company Difference Favorable Unfavorable Neither Favorable nor Unfavorable Favorabile Unfavorable Nelther Favorable nor unfavorable Assume the division is an investment center, and average operating assets were $1,000,000. The noncontrollable fixed costs are controllable at the investment center level. Compute ROI. (Round answer to 2 decimal places, e.g. 15.25%.) Return on investment 96 Indicate the impact of the change on ROI. (Round answer to 2 decimal places, e.g. 15.25%.) Return on investment by %