Question

wwYwcIn Current Attempt in Progress Torres Company accumulates the following summary data for the year ending December 31, 2020, for ts Water Division, which it operates as a profit center: sales-$2,062,700 budget, $2,288,100 actual; variable costs-$1,000,900 budget, $1,055,500 actual; and controllable fixed costs- $299,000 budget, $303,900 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 eTextbook and Media Attempts: 0 of 2 used Save for Later Submit Answer MacBook Air

Answer 1

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Answer mt no TORRES COMPANY Waater Division Responsibility Report For the Year Ended December 31, 2020 Budget Actual 9 sales 10 Variable Cost 11 Contribution Margin 12 Controllable Fixed Cost 13 Divisional Margin 2062700 1000900 1061800 299000 762800 2288100 1055500 1232600 303900 928700 Difference Favourable Unfavourable Neither Favourable nor Unfavourable 225400 Favourable 54600 Unfavourable 170800 Favourable 4900 Unfavourable 165900 Favourable