Current Attempt in Progress Pronghorn Company accumulates the following summary data for the year ending December 31, 2022, for its Water Division, which it operates as a profit center: sales $2,080,000 budget, $2,163,200 actual; variable costs $1,040,000 budget, $1,092,000 actual; and controllable fixed costs $312.000 budget, $317,200 actual. Prepare a responsibility report for the Water Division for the year ending December 31, 2022. PRONGHORN COMPANY Water Division Responsibility Report Budget Actual 5 PRONGHORN COMPANY Water Division Responsibility Report Difference Favorable Unfavorable Neither Favorable Budget Actual nor Unfavorable PRONGHORN COMPANY Water Division Responsibility Report Sales Variable Costs Controllable Fibed Costs Net Income/(Loss) Gross Profit Controllable Margin Contribution Margin Noncontrollable Fixed Costs