For the year ending December 31, 2025, Waterway Company accumulates the following data for the...
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For the year ending December 31, 2025, Waterway Company accumulates the following data for the Plastics Division, which it operates as an investment center: contribution margin-$669,900 budget, $685,225 actual; controllable fixed costs$298,200 budget, $303,200 actual. Average operating assets for the year were $2,065,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31,2025. (Round ROI to 1 decimal place, e.g. 1.5\%.) For the year ending December 31, 2025, Waterway Company accumulates the following data for the Plastics Division, which it operates as an investment center: contribution margin- $669,900 budget, $685,225 actual; controllable fixed costs$298,200 budget, $303,200 actual. Average operating assets for the year were $2,065,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31,2025. (Round ROI to 1 decimal place, e.g. 1.5\%.)
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