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.
SORIA COMPANY
Clothing Department
Budget Report
For the Month Ended October 31, 2020
Difference
Budget
Actual
Favorable
Unfavorable
Neither Favorable
nor Unfavorable
Sales in units
7,900
11,000
3,100
Favorable
Variable expenses
Sales commissions
$2,054
$2,860
$806
Unfavorable
Advertising expense
869
770
99
Favorable
Travel expense
3,476
4,950
1,474
Unfavorable
Free samples given out
1,659
1,210
449
Favorable
Total variable
8,058
9,790
1,732
Unfavorable
Fixed expenses
Rent
1,900
1,900
–0–
Neither Favorable nor Unfavorable
Sales salaries
1,100
1,100
–0–
Neither Favorable nor Unfavorable
Office salaries
800
800
–0–
Neither Favorable nor Unfavorable
Depreciation—autos (sales staff)
600
600
–0–
Neither Favorable nor Unfavorable
Total fixed
4,400
4,400
–0–
Neither Favorable nor Unfavorable
Total expenses
$12,458
$14,190
$1,732
Unfavorable
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.)
Answers: 3
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