Clothing Department Budget Report For the Month Ended October 31, 2020 Difference Favorable Unfavorable Neither Favorable...

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Clothing Department Budget Report For the Month Ended October 31, 2020 Difference Favorable Unfavorable Neither Favorable nor

4 As a result of this budget report, Joe was called into the presidents office and congratulated on his fine sales performan

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Answer 1

Answer #1

SORIA COMPANY
Selling Expense Flexible Budget Report
For the Month Ended October 31, 2020
	Budget	Actual	Difference
Sales in units	10000	10000
Variable costs:
Sales commissions	2400	2400	0	Neither Favorable nor Unfavorable
Advertising expense	1200	900	300	Favorable
Travel expense	4000	4000	0	Neither Favorable nor Unfavorable
Free samples given	2300	1300	1000	Favorable
Total variable	9900	8600	1300	Favorable
Fixed costs:
Rent	1700	1700	0	Neither Favorable nor Unfavorable
Sales salaries	1100	1100	0	Neither Favorable nor Unfavorable
Office salaries	800	800	0	Neither Favorable nor Unfavorable
Depreciation—autos	400	400	0	Neither Favorable nor Unfavorable
Total fixed	4000	4000	0	Neither Favorable nor Unfavorable
Total costs	13900	12600	1300	Favorable

Workings:
	Budget
Sales commissions	2400	=1872/7800*10000
Advertising expense	1200	=936/7800*10000
Travel expense	4000	=3120/7800*10000
Free samples given	2300	=1794/7800*10000

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