NO pacing Heading Heading 2 Title Subtitle Questions 2 John Clavin - a convention center sales manager, received a report from the accounting department outlining budgeted and actual revenue and selling expenses for the month of March Budget Report for March 31, 2017 Static Budget Actual Variance Conferences sold 20 26 6 (F) Sales Revenue $300,000 $380,000 $80,000(F) Variable expenses Sales commissions $2,000 $ 2,300 $300U Advertising expense 800 1000 200 U Travel expense 1,400 1,600 200 U Fixed expenses Rent 1,500 1,700 200(U) Sales salaries 1,000 1,000 -0- Office salaries 800 800 Depreciation 500 500 Rumina Ibragimova, company's president called him to discuss his March performance. While she congratulated him on sales performance she warned him that his costs must be kept under stricter control. John knew that he managed his costs with strict vigilance and thought that something was wrong with the performance report that he had been given. John decided to prepare a flexible budget report to help Rumina in assessing his performance more fairly: Static Budget Actual Results. Elexible Budget Var. () Ker:(%) Sales in units 20 26 Sales Revenue $300,000 $380,000 $ 2,300 1000 1,600 Variable expenses Sales commissions $2,000 Advertising expense 800 Travel expense 1,400 Fixed expenses Rent 1,500 Sales salaries 1,000 Office salaries 800 Depreciation 500 1,700 1,000 800 500