Prepare a budget report based on flexible budget data to help Joe. (List variable expenses before fixedexpenses.)SWIFTY COMPANYSelling Expense Flexible Budget ReporClothing DepartmentBudgetActual$$$$2$$(b)Should Joe have been reprimanded? As sales manager, Joe Batista was given the following static budget report for selling expenses in the ClothingDepartment of Swifty Company for the month of October.SWIFTY COMPANYClothing DepartmentBudget ReportFor the Month Ended October 31, 2022DifferenceFavorableUnfavorableNeither FavorableBudgetActualnor UnfavorableSales in units9,76012,2002,440 FavorableVariable expensesSales commissions$2,928$3,172$244 UnfavorableAdvertising expense9761,03761 UnfavorableTravel expense4,3925,002610 UnfavorableFree samples given out1,9521,708244 FavorableTotal variable10,24810,919671 UnfavorableFixed expensesRent1,8301,830-0- Neither Favorable nor UnfavorableSales salaries1,4641,464-0- Neither Favorable nor UnfavorableOffice salaries976976-0- Neither Favorable nor UnfavorableDepreciation-autos (sales staff)610610-0- Neither Favorable nor UnfavorableTotal fixed4,8804,880-0- Neither Favorable nor UnfavorableTotal expenses$15,128$15,799$671 UnfavorableAs a result of this budget report, Joe was called into the president's office and congratulated on his fine salesperformance. He was reprimanded, however, for allowing his costs to get out of control. Joe knew something waswrong with the performance report that he had been given. However, he was not sure what to do, and comes to you foradvice.

In this question, we have to calculate the budget report for the swift company clothing department.…

Answered: Prepare a budget report based on…

Business

Accounting

Prepare a budget report based on flexible budget data to help Joe -хpenses.)

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter10: Evaluating Decentralized Operations

Section: Chapter Questions

Problem 1PB

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Accounting Question
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