Brief Exercise 25-07 Oriole 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$2,057,500 budget, $2,255,900 actual; variable costs-$1,011,700 budget, $1,048,200 actual; and controllable fixed costs $298,000 budget, $303,000 actual. Prepare a responsibility report for the Water Division for the year ending December 31, 2020. ORIOLE COMPANY Water Division Responsibility Report For the Year Ended December 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual $ $ $ $ $