VTorres 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$2,063,500 budget, $2,267,400 actual; variable costs$1,015,100 budget, $1,041,400 actual; and controllable fixed costs$296,400 budget, $304,700 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 Contribution MarginVariable CostsControllable Fixed CostsSalesGross ProfitControllable MarginNet Income/(Loss)Fixed Costs		$Enter a dollar amount		$Enter a dollar amount		$Enter the difference	Select an option FavorableUnfavorableNeither Favorable nor Unfavorable
Select a responsibility report item SalesNet Income/(Loss)Gross ProfitVariable CostsControllable Fixed CostsFixed 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 SalesVariable CostsNet Income/(Loss)Fixed CostsContribution MarginGross ProfitControllable Fixed CostsControllable Margin		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 SalesGross ProfitControllable MarginFixed CostsNet Income/(Loss)Controllable Fixed CostsVariable CostsContribution Margin		Enter a dollar amount		Enter a dollar amount		Enter the difference	Select an option FavorableUnfavorableNeither Favorable nor Unfavorable
Select a closing responsibility report item Fixed CostsVariable CostsSalesControllable MarginControllable Fixed CostsNet Income/(Loss)Gross ProfitContribution Margin		$Enter a total amount for this statement		$Enter a total amount for this statement		$Enter the difference	Select an option FavorableUnfavorableNeither Favorable nor Unfavora