Question 5 --/1 View Policies Current Attempt in Progress Monty 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 $2,031,600 budget, $2,266,800 actual; variable costs $1,013,000 budget, $1,048,800 actual; and controllable fixed costs, $297,200 budget, $303,500 actual. Prepare a responsibility report for the Water Division. MONTY COMPANY Water Division Responsibility Report Difference Favorable/Unfavorable Neither Favorable nor Unfavorable Budget Actual