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Problem - As a 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
Budget
Actual
Difference- Favorable, Unfavorable, Neither Favorable and nor unfavorable
Sales in units
8,100
9,000
900 Favorable
Variable expenses
Sales commissions
$1,620
$2,250
$630 Unfavorable
Advertising expense
810
720
90 Favorable
Travel expense
3,888
3,600
288 Favorable
Free samples given out
1,782
990
792 Favorable
Total variable
7,560
540 Favorable
Fixed expenses
Rent
1,500
-0- Neither Favorable nor Unfavorable
Sales salaries
1,300
Office salaries
600
Depreciation-autos (sales staff)
500
Total fixed
3,900
Total expenses
$12,000
$11,460
$540 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.
Required - Prepare a budget report based on flexible budget data to help Joe.
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