(Solution) - For the year ending December 31 2010 Kaspar Company accumulate -(2025 Original AI-Free Solution)

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For the year ending December 31, 2010, Kaspar Company accumulates the following data for the Plastics Division which it operates as an investment center: contribution margin?$700,000 budget, $715,000 actual; controllable fixed costs?$300,000 budget, $309,000 actual. Average operating assets for the year were $2,000,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin.