Briel Exercive 10-7 Tores Company accumdates the fllowing summary data for the year ending December 31, 2017, for its Water Division, whicha operates a a profit ceeter $1,041,400 aud and controlable fied costs-1296,400 budget, $304,700 adual sales-$2,063,500 budgot, $2,267,400 actual variable costs-$1015,100 budpet Prepare a respensblity report for the Water Diison TORRES COMPANY Responbty Report For the Year Ended December 31, 201 Dffece aworable Undaworable Budget Actual 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-$2,063,500 budget, $2,267,400 actual; variable costs-$1,015,100 budget, $1,041,400 actual; and controllable fxed costs-$296,400 budget, $304,700 actual Prepare a responsibility report for the Water Division TORRES COMPANY Water Division Responsibity Repart For the Year Ended December 31, 2017 Differences Favorable Undavorable Neither Favorable Budget Actual nor tnfavorable