Brief Exercise 23-07 Torres Company accumulates the following summary data for the year ending December 31, 2020, for its Water Division, which it aperates as a profecantersale-12,097,500 budget $2,216,600 actual; variable costs-51,003,600 budget, $1,042,100 actual, and controllable foxed costs--$300,800 budget $303,700 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 Budget Actual nor Unfavorable