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%)
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%)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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%)
Transcribed Image Text:Net Income/Loss)
Return on Investment
Noncontrollable Fixed Costs
dget
Variable Costs
Gross Profit
Controllable Margin
Contribution Margin
Controllable Foxed Costs
Show Transcribed Text
$
$
Budget
BONITA COMPANY
Plastics Division
Responsibility Report
Actual
U
BONITA COMPANY
Plastics Division
Responsibility Report
Actual
Difference
Favorable
Unfavorable
Neither Favorable
nor Unfavorable
%
Favorable
Unfavorable
Neither Favorable nor Unfavorable
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