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.