Brief Exercise 22 -7 $2,047,700 budget, 282,800 actual; 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 variable costs-$1,015,700 budget, $1,048,500 actual; and controllable fixed costs--$295,000 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 Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual