Torres Company accumulates the following summary data for the...
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Accounting
Torres Company accumulates the following summary data for the year ending December 31, 2017, for its Water Division, which it operates as a profit center: sale $2,097,500 budget, $2,216,600 actual; variable costs-$1,003,600 budget, $1,042,100 actual; and controllable fixed costs-$300,800 budget, $303,700 actual. Prepare a responsibility report for the Water Division. TORRES COMPANY Water Division Responsibility Report For the Year Ended December 31, 2017 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual LINK TO TEXT
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