As sales manager, Joe Batista was given the following static budget report for selling expenses in the Clothing Departme

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As Sales Manager Joe Batista Was Given The Following Static Budget Report For Selling Expenses In The Clothing Departme 1 (193.9 KiB) Viewed 16 times

As sales manager, Joe Batista was given the following static budget report for selling expenses in the Clothing Department of Soria Company for the month of October. Sales in units Variable expenses Sales commissions Advertising expense Travel expense Free samples given out Total variable Fixed expenses Rent Sales salaries Office salaries SORIA COMPANY Clothing Department Budget Report For the Month Ended October 31, 2020 Depreciation-autos (sales staff) Total fixed Total expenses Budget 8,500 $2,210 935 3,740 2,040 8,925 1,900 1,100 900 600 4.500 $13,425 Actual $ 9,000 $2,160 900 3,600 990 7,650 1,900 1,100 900 600 4.500 $12,150 Difference Favorable Unfavorable Neither Favorable nor Unfavorable 500 Favorable $50 Favorable 35 Favorable 140 Favorable 1,050 Favorable 1,275 Favorable Budget -0- Neither Favorable nor Unfavorable -0- Neither Favorable nor Unfavorable -0- Neither Favorable nor Unfavorable -0- Neither Favorable nor Unfavorable -0- Neither Favorable nor Unfavorable $1,275 Favorable As a result of this budget report, Joe was called into the president's office and congratulated on his fine sales performance. He was reprimanded, however, for allowing his costs to get out of control. Joe knew something was wrong with the performance report that he had been given. However, he was not sure what to do, and comes to you for advice. Prepare a budget report based on flexible budget data to help Joe. (List variable costs before fixed costs.) SORIA COMPANY Selling Expense Flexible Budget Report Clothing Department For the Month Ended October 31, 2020 $ $ Actual $