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Question 5 of 7 -/15 Torres Company accumulates the following summary data for the year ending December 31, 2020, for its Water Division, which it operates as a profit center sales -$1.958,600 budget. $2,207.500 actual variable costs--$1,016,900 budget $1.053.700 actual and controllable fixed costs-$296,000 budget, $303,700 actual. Prepare a responsibility report for the Water Division for the year.ending December 31, 2020. TORRES COMPANY Water Division Responsibility Report For the Year Ended December 31, 2020 D Un Neith nor Budget Actual $ S $ > $ $ $ Attempts of used Submit Answer Save for late O HI Question 5 of 7 -/1 Torres Company accumulates the following summary data for the year ending December 31, 2020, for its Water Division, which it operates as a profit center, sales -$1.958,600 budget, $2,207,500 actual: variable costs-$1,016,900 budget, $1,053,700 actual: and controllable fixed costs - $296,000 budget $303.700 actual. Prepare a responsibility report for the Water Division for the year.ending December 31, 2020. TORRES COMPANY Water Division Responsibility Report For the Year Ended December 31, 2020 Difference Favorable Unfavorable Neither Favorable Budget Actual nor Unfavorable $ $ 1 $ $ Sme forlated Attempts of used Submit Answer 0 I Question 5 of 7 -/1 Torres Company accumulates the following summary data for the year ending December 31, 2020, for its Water Division, which it operates as a profit center: sales -$1.958,600 budget, $2.207.500 actual: variable costs --$1,016,900 budget. $1,053.700 actual; and controllable fixed costs --$296,000 budget, $303,700 actual Prepare a responsibility report for the Water Division for the year.ending December 31, 2020 TORRES COMPANY Water Division Responsibility Report For the Year Ended December 31, 2020 F Un Neith nor! Budget Actual $ $ Controllable Margin Variable Costs Gross Profit Controllable Fixed Costs Contribution Margin Net Income/(Loss) Fixed Costs Sales $ $ $ Save forlater Attempts of used Submit Answer o RI ON

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