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Torres Company accumulates the following summary data for the year ending December 31, 2020, for...

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Accounting

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$2,095,600 budget, $2,206,400 actual; variable costs$1,007,400 budget, $1,046,400 actual; and controllable fixed costs$298,300 budget, $304,800 actual. Prepare a responsibility report for the Water Division for the year ending December 31, 2020.

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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-$2,095,600 budget, $2,206,400 actual; variable costs- $1,007,400 budget, $1,046,400 actual; and controllable fixed costs-$298,300 budget, $304.800 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 nor Unfavorable Budget Actual Sales Favorable Variable Costs Unfavorable Contribution Margin Favorable Controllable Fixed Costs Unfavorable Controllable Margin Favorable

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