Exercise 23-09 a As sales manager, Joe Batista was given the following static budget report for selling expenses in the Clothing Department of Swifty Company for the month of October. SWIFTY COMPANY Clothing Department Budget Report For the Month Ended October 31, 2020 Difference Favorable Unfavorable Neither Favorable Budget Actual nor Unfavorable Sales in units 8,500 10,000 1,500 Favorable Variable expenses Sales commissions $2,380 $2,600 $220 Unfavorable Advertising expense 850 900 50 Unfavorable Travel expense 3,910 3,500 410 Favorable Free samples given out 1,615 1,100 515 Favorable Total variable 8,755 8,100 655 Favorable Fixed expenses Rent 1,700 1,700 -0- Neither Favorable nor Unfavorable Sales salaries 1,000 1,000 -0- Neither Favorable nor Unfavorable Office salaries 600 600 -0- Neither Favorable nor Unfavorable Depreciation-autos (sales staff) 500 500 -0- Neither Favorable nor Unfavorable Total fixed 3,800 3,800 -0-Neither Favorable nor Unfavorable Total expenses $12,555 $11,900 $655 Favorable 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.) SWIFTY COMPANY Selling Expense Flexible Budget Report Clothing Department For the Month Ended October 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual $ $ $ > v > v $ Click if you would like to Show Work for this question: Open Show Work