Do not give image format For the year ending December 31, 2022, Bonita Company accumulates the following data for the Plastics Division, which it operates asan investment center: contribution margin-$759,500 budget, $768,900 actual; controllable fixed costs-$297,500 budget,$304,800 actual. Average operating assets for the year were $2,100,000,Prepare a responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2022.(Round ROI to 1 decimal place, e.g. 1.5%) Net Income/Loss)Return on InvestmentNoncontrollable Fixed CostsdgetVariable CostsGross ProfitControllable MarginContribution MarginControllable Foxed CostsShow Transcribed Text$$BudgetBONITA COMPANYPlastics DivisionResponsibility ReportActualUBONITA COMPANYPlastics DivisionResponsibility ReportActualDifferenceFavorableUnfavorableNeither Favorablenor Unfavorable%FavorableUnfavorableNeither Favorable nor Unfavorable

Responsibility report:Responsibility reports are those reports which provides reports to different…

For the year ending December 31, 2022, Bonita Company accumulates the following data for the Plastics Division, which it operates as an investment center: contribution margin-$759.500 budget, $768,900 actual; controllable fixed costs-$297,500 budget, $304,800 actual. Average operating assets for the year were $2,100,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2022. (Round ROI to 1 decimal place, e.g. 1.5%)