Brief Exercise 10-7 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: sales-$2,080,900 budget, $2,193,600 actual; variable costs-$1,016,900 budget, $1,049,500 actual; and controllable fixed costs-$298,400 budget, $304,900 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