2. Flexible Budgeting Information about Synergy's 2021 operating performance are provided below (in thousands S). Team 1

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2 Flexible Budgeting Information About Synergy S 2021 Operating Performance Are Provided Below In Thousands S Team 1 1 (52.99 KiB) Viewed 40 times

2. Flexible Budgeting Information about Synergy's 2021 operating performance are provided below (in thousands S). Team 1 Team 2 Team 3 Purposeful $1,318.400 $995,600 $825.000 $3,139,000 Assets Under Management Revemie $9,558 $7.965 $5,610 $23,133 Directly Traced Variable Costs Travel 525 1,021 2,159 3.705 Direct Marketing 287 263 118 667 Office Supplies and Stationary 181 369 86 636 Admin Personel Hourly 265 475 200 940 Other Variable Costs 56 48 37 141 Directly Traced Fixed Costs Sales Personel Salaries Admin Personel Salaries 1,230 1,520 823 3.573 286 547 425 1.258 Overhead Allocation 3,498 2,641 2,189 8,328 Segement/Company Profit $ 3.231 S 1,081 $ (427) S Team I's revenue and expense formulas used for flexible budget are provided: Revenue 0.75% of AUM Travel $3,100 per client Direct Marketing 3.0% of revenue 2.2% of revenue $16,000 per full time employee Office Supplies and Stationary Admin Personel Hourly Other Variable Costs Sales Personel Salaries Admin Personel Salaries 0.9% of revenue Team 1 has 10 sales personel budgeted for $120k per year each. Team 1 has 4 full-time admin personel budgeted for $65k per year each. A) Using the formulas above, calculate the flexible budget for Team 1, using last year's AUM B) Using your flexible budget calculate the revenue and expense spending variances for Team 1. C) Based on these variances comment on whether the Team I's manager is doing a good job of managing the department. Your answer should be about one paragraph highlight the notable variances 3.885