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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-5692,320 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, c.9. 1.5%) COBB COMPANY Plastics Division Responsibility Report For the Year Ended December 31, 2020 Budget Actual $ 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 Favorable Unfavorable Neither Favorable nor Unfavorable dget Actual

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