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-$2,039,800 budget, $2,207,800 actual; variable costs $1,010,200 budget, $1,052,700 actual; and controllable fixed costs $295,300 budget, $304,600 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 Budget Actual nor Unfavorable x Sales V Favorable X x Variable Costs Unfavorable X X x Contribution Margin Favorable x x Controllable Fixed Costs Unfavorable V x Controllable Margin Favorable Click if you would like to Show Work for this question: Open Show Work