Pat Smith is the founder and president of Pat Products. Pat called their child, Sam who is the sales manager, into their office to discuss their performance A static budget report has been prepared. Pat Products Static Budget Report Month Ended October 31, 2020 Static Budget 8,000.00 Variance Actual 9,000.00 Sales in units Variable costs Sales commissions Travel expense Meals expense Entertainment expense Total variable costs 16 Fixed costs 9 Sales salaries Total costs $ 2,800.00 $3,000.00 $ 200.00 U $ 2,400.00 $ 2,400.00 5 $ 1,300.00 $ 1,500.00 $ 200.00 U $ 4,000.00 $ 3.600.00 S 400.00 F $10,500.00 $10,500.00 5 $ 1.000,00 5 1,000.00 $ $11,500.00 $11,500.00 5 Required: a Prepare a flexible budget for October in good form. 9 marks) 14. b) Should Sam be praised or reprimanded for their performance in October 1 mark) expense which stayed the same. Actual fixed costs did not change from September: Prepare a flexible human + Required: a) Prepare a flexible budget for October in good form. (9 marks] b) Should Sam be praised or reprimanded for their performance in October? [1 mark) expense which stayed the same. Actual fixed costs did not change from September. Prepare a flexible budget for November (5 marks) dy Comment on Sam's performance in November (1 mark)