As sales manager, Joe Batista was given the following static budget report for selling expenses in the Clothing Department of Sheridan Company for the month of October. As a resuit of this budget report, Joe was called into the president's otfice and congratulated on his hine 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 Joen. (List variable costs before fuxed costs) Fixed Expenses Total Expenses SHERIDAN COMPANY Depreciation-Sale Staff Autos Selling Expense Flexible Budget Report Clothing Department Free Simales For the Month Ended October 31, 2020 Rent Sales Commissions Travel Expense Variable Expenses Ne 5sles5alaries Budget Otfice Salarles Sales in Units Advertising Expense Total Fixed Expernes 5 5 5 Tatal Variable Expenses Favorable Unfavorable Neither Favorable Budget Actual nor Unfavorable $ 5 Untworabio Neither Favorablenor Unfworibles Pworable