Exercise 10-16 The Sports Equipment Division of Harrington Company is operated as a profit center. Sales for the division were budgeted for 2017 at $890,250. The only variable costs budgeted for the division were cost of goods sold ($440,260) and selling and administrative ($60,550). Fixed costs were budgeted at $102,060 for cost of goods sold, $92,300 for selling and administrative, and $73,470 for noncontrollable fixed costs. Actual results for these items were:

Sales $888,800
Cost of goods sold
Variable 418,060
Fixed 104,180
Selling and administrative
Variable 60,480
Fixed 73,070
Noncontrollable fixed 92,190

Prepare a responsibility report for the Sports Equipment Division for 2017. (List variable costs before fixed costs.)

Assume the division is an investment center, and average operating assets were $1,118,600. The noncontrollable fixed costs are controllable at the investment center level. Compute ROI. (Round ROI to 1 decimal place, e.g. 1.5.)

Return on investment %