For the year ending december 31, 2020, cobb 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, 2020.
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For the year ending december 31, 2020, cobb company accumulates the following data for the plastics...
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