Question: Current Attempt in Progress For the year ending December 31, 2022, Bonita Company accumulates the following data for the Plastics Division, which it operates
Current Attempt in Progress 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-$780,680 budget, $791,668 actual; controllable fixed costs-$301,400 budget, $304,400 actual. Average operating assets for the year were $1,997,000. 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%.) Variable Costs Return on Investment Controllable Fixed Costs Noncontrollable Fixed Costs Gross Profit Net Income/(Loss) Contribution Margin Controllable Margin BONITA COMPANY Plastics Division Responsibility Report Budget Actual $ $ % di $ % $ $ Attempts: 0 of 3 used Submit Answer
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
