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$2,080,900 budget, $2,193,600 actual; variable costs$1,016,900 budget, $1,049,500 actual; and controllable fixed costs$298,400 budget, $304,900 actual. Prepare a responsibility report for the Water Division for the year ending December 31, 2020.

TORRES COMPANY Water Division Responsibility Report For the Year Ended December 31, 2020
						Difference
		Budget		Actual		Favorable Unfavorable Neither Favorable nor Unfavorable
Select an opening responsibility report item Controllable MarginContribution MarginSalesControllable Fixed CostsNet Income/(Loss)Fixed CostsVariable CostsGross Profit		$Enter a dollar amount		$Enter a dollar amount		$Enter the difference	Select an option FavorableUnfavorableNeither Favorable nor Unfavorable
Select a responsibility report item Controllable Fixed CostsFixed CostsGross ProfitSalesNet Income/(Loss)Variable CostsContribution MarginControllable Margin		Enter a dollar amount		Enter a dollar amount		Enter the difference	Select an option FavorableUnfavorableNeither Favorable nor Unfavorable
Select a responsibility report item Gross ProfitNet Income/(Loss)Controllable MarginContribution MarginControllable Fixed CostsSalesFixed CostsVariable Costs		Enter a total of the two previous amounts		Enter a total of the two previous amounts		Enter the difference	Select an option FavorableUnfavorableNeither Favorable nor Unfavorable
Select a responsibility report item Controllable MarginContribution MarginNet Income/(Loss)Fixed CostsControllable Fixed CostsGross ProfitSalesVariable Costs		Enter a dollar amount		Enter a dollar amount		Enter the difference	Select an option FavorableUnfavorableNeither Favorable nor Unfavorable
Select a closing responsibility report item Gross ProfitControllable MarginVariable CostsSalesNet Income/(Loss)Contribution MarginControllable Fixed CostsFixed Costs		$Enter a total amount for this statement		$Enter a total amount for this statement		$Enter the difference	Select an option FavorableUnfavorableNeither Favorable nor Unfavorable