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Torres Company accumulates the following summary data for the year ending December 31, 2020, for its Water Division, which it operates as a profit center:
Torres 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 $2,040,300 budget, $2,285,400 actual; variable costs$1,017,000 budget, $1,059,300 actual; and controllable fixed costs$297,700 budget, $304,000 actual. Prepare a responsibility report for the Water Division for the year ending December 31, 2020
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