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Prepare a responsibility report for the water division

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Reference no: EM13888053

Elbert Company accumulates the following summary data for the year ending December 31, 2014, 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, $1,060,000 actual; and controllable fixed costs-$300,000 budget, $305,000 actual. Prepare a responsibility report for the Water Division.

Reference no: EM13888053

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