Elbert Manufacturing Company accumulates the following summary data for the year ending December 31, 2012, 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, $310,000 actual. Prepare a responsibility report for the Water Division.