Business, 07.05.2020 05:06 paul1963

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

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