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The Sports Equipment Division of Harrington Company is operated as a profit center. Sales for...

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Accounting

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The Sports Equipment Division of Harrington Company is operated as a profit center. Sales for the division were budgeted for 2020 at $897,000. The only variable costs budgeted for the division were cost of goods sold ($444,000) and selling and administrative ($62,000). Fixed costs were budgeted at $102,000 for cost of goods sold, $91,000 for selling and administrative, and $70,000 for noncontrollable fixed costs. Actual results for these items were: $881,000 416,000 107,000 Sales Cost of goods sold Variable Fixed Selling and administrative Variable Fixed Noncontrollable fixed 65.000 70,000 95,000 Prepare a responsibility report for the Sports Equipment Division for 2020. (List variable costs before fixed costs.) Assume the division is an investment center, and average operating assets were $1,000,000. The noncontrollable fixed costs are controllable at the investment center level. Compute ROI using the actual amounts. (Round ROI to 1 decimal place, e.g. 1.5.) Return on investment %

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