Indigo 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$2,400,000 budget, $2,496,000 actual; variable costs$1,200,000 budget, $1,260,000 actual; and controllable fixed costs$360,000 budget, $366,000 actual. Prepare a responsibility report for the Water Division for the year ending December 31, 2022.

INDIGO COMPANY Water Division Responsibility Report choose the accounting period For the Month Ended December 31, 2022December 31, 2022For the Year Ended December 31, 2022
						Difference
		Budget		Actual		Favorable Unfavorable Neither Favorable nor Unfavorable
select an opening responsibility report item Gross ProfitControllable MarginControllable Fixed CostsNoncontrollable Fixed CostsContribution MarginNet Income/(Loss)SalesVariable Costs		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount	select an option Neither Favorable nor UnfavorableFavorableUnfavorable
select a responsibility report item Noncontrollable Fixed CostsControllable MarginGross ProfitSalesContribution MarginNet Income/(Loss)Variable CostsControllable Fixed Costs		enter a dollar amount		enter a dollar amount		enter a dollar amount	select an option FavorableUnfavorableNeither Favorable nor Unfavorable
select a summarizing line for the first part Contribution MarginGross ProfitVariable CostsNet Income/(Loss)Controllable Fixed CostsNoncontrollable Fixed CostsSalesControllable Margin		enter a total amount for the first part		enter a total amount for the first part		enter a dollar amount	select an option Neither Favorable nor UnfavorableFavorableUnfavorable
select a responsibility report item Contribution MarginNet Income/(Loss)Variable CostsControllable Fixed CostsControllable MarginNoncontrollable Fixed CostsGross ProfitSales		enter a dollar amount		enter a dollar amount		enter a dollar amount	Select an option FavorableNeither Favorable nor UnfavorableUnfavorable
select a closing responsibility report item Noncontrollable Fixed CostsContribution MarginVariable CostsSalesControllable MarginGross ProfitControllable Fixed CostsNet Income/(Loss)		$enter a total amount for this report		$enter a total amount for this report		$enter a total amount for this report	select an option FavorableUnfavorableNeither Favorable nor Unfavorable

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