Assignment Chapter 24 1-For the year ending December 31, 2014 Maris Company accumulates the following data for the Mixing Division which it operates as an investment center: contribution margin $350,000 budget, $360,000 actual; controllable fixed costs $140,000 budget, $145,000 actual. Average operating assets for the year were $1,000,000. Prepare a responsibility report for the Mixing Division beginning with contribution margin. 2-In meine Company, direct labor is $40 per hour. The company expects to operate at 20,000 direct labor hours each month. In January 2014 direct labor totaling $804,000 is incurred in working 20,800 hours. Prepare: (a) a static budget report. (b) a flexible budget report. 3-In the Finishing Department of Myles Company, budgeted and actual manufacturing overhead costs for the month of April 2014 were as follows. Budeget Actual Indirect materials $48,000 $42,900 $61,800 Indirect labor $60,000 Utilities $30,000 $32,550 Supervision $45,000 $45,000 All costs are controllable by the department manager. Prepare a responsibility report for April for the cost center