For the year ended December 31, 2022, Oriole Company accumulated the following data for the plastics division, which it operates as an investment centre: contribution margin-$625,770 budgeted, $633,512 actual; controllable fixed costs-$299,200 budgeted, $303,100 actual. Average operating assets for the year were $1,921,000.
Prepare a responsibility report for the plastics division, beginning with the contribution margin. (Round ROI to 1 decimal place, e.g. 1.5%)
ORIOLE COMPANY
Plastics Division
Responsibility Report
For the Year Ended December 31, 2022
Difference
Favourable
Unfavourable
Neither Favourable nor Unfa
Budget
Actual
$\hspace{1cm}625,770
$\hspace{1cm}633,512
$\hspace{1cm}(7,742)
Unfavour
$\hspace{1cm}299,200
$\hspace{1cm}303,100
$\hspace{1cm}(3,900)
Favourabl
$\hspace{1cm}326,570
$\hspace{1cm}330,412
$\hspace{1cm}(3,842)
Unfavour
$\hspace{1cm}32.6
$\hspace{1cm}33.0
$\hspace{1cm}(0.4)
Unfavour.