Reference no: EM132318432

Question

Torres Company accumulates the following summary data for the year ending December 31, 2017, for its Water Division, which it operates as a profit center:

sales-$2031600

budget, $2266800 actual;

variable costs-$1013000

budget, $1048800 actual;

and controllable fixed costs-$297200

budget, $303500 actual.

Prepare a responsibility report for the Water Division. For the Year Ended December 31, 2017 Difference Favorable

Unfavorable

Neither Favorable Budget Actual nor Unfavorable Sales $ $ $

Favorable Variable Costs

Unfavorable Contribution Margin

Favorable Controllable Fixed Costs

Unfavorable Controllable Margin V $ $ $

Favorable