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Prepare a budget report based on flexible budget data

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Reference no: EM131744245

Question: 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, 2017





Difference


Budget


Actual

Favorable/Unfavorable
Neither Favorable nor Unfavorable
Sales in units

8,200

11,000

2,800

 Favorable
Variable expenses





    Sales commissions

$1,804

$2,750

$946

 Unfavorable
    Advertising expense

820

990

170

 Unfavorable
    Travel expense

3,772

4,950

1,178

 Unfavorable
    Free samples given out

1,968

1,320

648

 Favorable
       Total variable

8,364

10,010

1,646

 Unfavorable
Fixed expenses





  Rent

1,300

1,300

-0-

 Neither Favorable nor Unfavorable
     Sales salaries

1,300

1,300

-0-

 Neither Favorable nor Unfavorable
     Office salaries

800

800

-0-

 Neither Favorable nor Unfavorable
     Depreciation-autos (sales staff)

400

400

-0-

 Neither Favorable nor Unfavorable
       Total fixed

3,800

3,800

-0-

 Neither Favorable nor Unfavorable
Total expenses

$12,164

$13,810

$1,646

 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. Do not leave any answer field blank. Enter 0 for amounts.)

Reference no: EM131744245

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