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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-$669,900 budget, $685,225 actual; controllable fixed costs $298, 200 budget, $303.200 actual. Average operating assets for the year were $2,065,000 Prepare a responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2020, (Round Rol to 1 decimal place, 28. 1.5%) COBB COMPANY Plastics Division Responsibility Report For the Year Ended December 31, 2020 Budget Actual For its three investment centers, Gerrard Company accumulates the following data: Sales Controllable margin Average operating assets $1.960,000 1,372,000 4,902,000 11 $4,027.000 2,013,500 8,097,000 III $4,035,000 3,631,500 12,146,000 The centers expect the following changes in the next year: (1) increase sales 20%: (11) decrease costs $439,000: (11) decrease average operating assets $460.000 Compute the expected return on investment (ROI) for each center. Assume center I has a controllable margin percentage of 70% (Round ROI to 1 decimal place, 6.8. 1.5%) II The expected return on investment For its three investment centers, Gerrard Company accumulates the following data: Sales Controllable margin Average operating assets $1,960,000 1,372,000 4,902,000 11 $4,027.000 2,013,500 8,097,000 $4,035,000 3,631,500 12,146,000 The centers expect the following changes in the next year: (1) increase sales 20%; (11) decrease costs $439,000: (11) decrease average operating assets $460,000 Compute the expected return on investment (ROI) for each center. Assume center I has a controllable margin percentage of70% (Round ROI to 1 decimal place, eg. 1.5%) II The expected return on investment 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-$669,900 budget, $685,225 actual; controllable fixed costs $298,200 budget, $303.200 actual. Average operating assets for the year were $2,065,000 Prepare a responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2020. (Round Rol to 1 decimal place, 28. 1.5%) COBB COMPANY Plastics Division Responsibility Report For the Year Ended December 31, 2020 Budget Actual

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