Answers: SORIA COMPANY Clothing Department Budget Report For the Month Ended Oct

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SORIA COMPANY Clothing Department Budget Report For the Month Ended October 31, 2014 Favorable F) Unfavorable (UU) nor Unf Sales in units Varlable expenses 2,349 $2,632 1,053 940 3,726 3,572 1.944 1316 9.072 8.460 $283 U Advertising expense Travel expense Free samples given out 113 F 154 F 628 F 612 Total variable Fixed expenses Rent Sales salaries Office salaries Depreciation-autos (sales 1,600 1,600 1,200 1,200 00 800 400 400 0-N -0-N -0-N staff) ,000 4.000 m 072$12,460 Total fixed 1302 512,4602 612 F Total expenses as a result of this budget report, Joe was called into the president's office and congnatulated 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

Explanation / Answer

Soria Company

Selling expenses flexible budget report:

Clothing Department

For the month ended October 31, 2014

Budget Actual Variances Sales in units 9,400 9,400 Variable expenses Sales Commission $ 2,726 $ 2,632 $ 94 F Advertising expense $ 1,222 $ 940 $ 282 F Travel expense $ 4,324 $ 3,572 $ 752 F Free samples $ 2,256 $ 1,316 $ 940 F Total variable expenses $ 10,528 $ 8,460 $ 2,068 F Fixed expenses: Rent $ 1,600 $ 1,600 None - Sales salaries $ 1,200 $ 1,200 None - Office salaries $ 800 $ 800 None - Depreciation $ 400 $ 400 None - Total fixed expenses $ 4,000 $ 4,000 None - Total expenses $ 14,528 $ 12,460 $ 2,068 F

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