For the year ending December 31, 2022, Crane Company accumulates the following data for the Plastics...

Transcribed Image Text:

For the year ending December 31, 2022, Crane Company accumulates the following data for the Plastics Division, which it operates as an investment center: contribution margin-$582,000 budget, $589,900 actual; controllable fixed costs-$297,000 budget, $303,000 actual. Average operating assets for the year were $1,900,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2022. (Round ROI to 1 decimal place, e.g. 1.5%.) CRANE COMPANY Plastics Division Responsibility Report Budget Actual 2$ $ 2$ $ 2$ 2$ % > > > For the year ending December 31, 2022, Crane Company accumulates the following data for the Plastics Division, which it operates as an investment center: contribution margin-$582,000 budget, $589,900 actual; controllable fixed costs-$297,000 budget, $303,000 actual. Average operating assets for the year were $1,900,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2022. (Round ROI to 1 decimal place, e.g. 1.5%.) CRANE COMPANY Plastics Division Responsibility Report Budget Actual 2$ $ 2$ $ 2$ 2$ % > > >

Answer rating: 100% (QA)

Budget Actual Contribution Margin 5820... View the full answer