Question 7. The Camping Division of Boughs Company is operated as a profit center. Revenue for the division were budgeted for 2022 at $950,000. The only variable costs budgeted for the division were cost of goods sold ($415,000) and selling and administrative ($85,000). Fixed costs were budgeted at $105,000 for cost of goods sold, $70,000 for selling and administrative, and $95,000 for noncontrollable fixed costs. Actual results for these items were: Required: 1. Prepare a responsibility report for Camping Division for 2022. Comment on division's performance. 2. Assume the division is an investment center, and average operating assets were $2,000,000. The noncontrollable fixed costs are controllable at the investment center level. Compute ROI
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