The Sports Equipment Division of Bridgeport Company is operated as a profit center. Sales for the division were budgeted for 2022 at $774,000. The only variable costs budgeted for the division were cost of goods sold ($378.400) and selling and administrative ($51,600). Fixed costs were budgeted at $86,000 for cost of goods sold, 577,400 for selling and administrative, and $60,200 for noncontrollable fixed costs. Actual results for these items were: $756.800 Sales Cost of goods sold Variable Fixed Selling and administrative 350,880 90,300 Variable 52.460 Fixed 56.760 Noncontrollable fixed 72.240 BRIDGEPORT COMPANY Sports Equipment Division Responsibility Report For the Year Ended December 31, 2022 Budget Actual $ 774000 S 756800 Sales Variable Costs 378400 Cost of Goods Sold i 350880 i Selling and Administrative 51600 52460 Total Variable Costs 430000 403340 Contribution Margin 344000 353460 Controllable Fixed Costs Cost of Goods Sold 86000 90300 i Selling and Administrative 77400 i 56760 i Total Controllable Fixed Costs 163400 i 147060 1 Controllable Marian $ 180600 206400 i DINO Sports Equipment Division Responsibility Report For the Year Ended December 31, 2022 get Actual Difference Favorable Unfavorable Neither Favorable nor Unfavorable 774000 $ 756800 $ 17200 Unfavorable 378400 350880 27520 Favorable 51600 52460 860 Unfavorable 430000 403340 i 26660 Favorable 344000 353460 9460 Favorable B6000 90300 4300 Unfavorable 77400 56760 i 20640 Favorable 163400 147060 16340 Favorable 180600 $ 206400 25800 Favorable Your answer is incorrect Assume the division is an investment center, and average operating assets were $860,000. The noncontrollable fixed costs are controllable at the investment center level. Compute Rol using the actual amounts.(Round ROI to 1 decimal place, ey. 1.5%) Return on investment 24 %