Torres Company accumulates the following summary data for the year ending December 31, 2022, for its Water

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Torres 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—$2,000,000 budget, $2,080,000 actual; variable costs—$1,000,000 budget, $1,050,000 actual; and controllable fixed costs— $300,000 budget, $305,000 actual. Prepare a responsibility report for the Water Division for the year ending December 31, 2022.

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Accounting Tools For Business Decision Making

ISBN: 9781119571056

7th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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