For the year ending December 31, 2022, Coronado Company accumulates the following data for the Plastics Division, which it operates as an investment center: contribution margin-$716,020 budget, $724,336 actual; controllable fixed costs- $301,900 budget, $304,300 actual. Average operating assets for the year were $1,972,000. 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%.) Contribution Margin Controllable Fixed Costs Controllable Margin Return on Investment +A EA Budget 716020 301900 % +A CORONADO COMPANY Plastics Division Responsibility Report Actual % 649 +A
For the year ending December 31, 2022, Coronado Company accumulates the following data for the Plastics Division, which it operates as an investment center: contribution margin-$716,020 budget, $724,336 actual; controllable fixed costs- $301,900 budget, $304,300 actual. Average operating assets for the year were $1,972,000. 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%.) Contribution Margin Controllable Fixed Costs Controllable Margin Return on Investment +A EA Budget 716020 301900 % +A CORONADO COMPANY Plastics Division Responsibility Report Actual % 649 +A
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, Coronado Company accumulates the following data for the Plastics Division, which it
operates as an investment center: contribution margin-$716,020 budget, $724,336 actual; controllable fixed costs-
$301,900 budget, $304,300 actual. Average operating assets for the year were $1,972,000.
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%.)
Contribution Margin
Controllable Fixed Costs
Controllable Margin
Return on Investment
+A
EA
Budget
716020
301900
1
%
+A
CORONADO COMPANY
Plastics Division
Responsibility Report
Actual
%
649
+A
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