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, $77,400 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 350,880 Fixed 90,300 Selling and administrative Variable 52.460 Fixed 56.760 Noncontrollable fixed 72.240 For the Year Ended December 31, 2022 Actual Budget $ 774000 $ 756800 $ Sales Variable Costs 350880 Cost of Goods Sold Acceptable correct answers also include: 52460 Selling and Administrative -430,000 430000 403340 Total Variable Costs 344000 353460 Contribution Margin Controllable Fixed Costs 86000 90300 Cost of Goods Sold LU 77400 i 56760 i Selling and Administrative 163400 i 147060 Total Controllable Fixed Costs $ 180600 $ $ 206400 Controllable Marcin For the Year Ended December 31, 2022 get Actual Difference Favorable Unfavorable Neither Favorable nor Unfavorable 774000 756800 $ 17200 i Unfavorable 378400 i 350880 27520 Favorable 51600 S2460 860 Unfavorable 430000 4033401 26660 Favorable 344000 353460 9460 Favorable B600D 90300 4300 Unfavorable 77400 56760 20640 Favorable 163400 147060 16340 Favorable 180600 $ 206400 25000 Favorable (b) 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 Rol to 1 decimal place, e3, 1.5%) Return on investment