Brief Exercise 23-07 Your answer is partially correct. Try again. 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-$1,924,900 budget, $2,263,100 actual; variable costs-$1,018,100 budget, $1,059,600 actual; and controllable fixed costs-$298,800 budget, $302.600 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 Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Sales -338200 Travorable Variable costs -41500 unfavorable Contribution Margin 906800 700 Favorable Controllable Fixed Costs 298800 30260 L -3800 unfavorable 292900 Favorable Controllable Margin 608000 Click if you would like to Show Work for this question: Open Show Work