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Prepare a budget report based on flexible budget data

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Reference no: EM131781330

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

Reference no: EM131781330

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