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please answer fast 5 Pat Products 6 Static Budget Report 7 Month Ended October 31, 2020 8 9 Static 10 Budget Actual Variance 11 Sales

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5 Pat Products 6 Static Budget Report 7 Month Ended October 31, 2020 8 9 Static 10 Budget Actual Variance 11 Sales in units 8,000.00 9,000.00 12 Variable costs: 13 Sales commissions $ 2,800.00 $3,000.00 $ 200.00 U 14 Travel expense $ 2,400.00 $ 2,400.00 $ 15 Meals expense $ 1,300.00 $ 1,500.00 $ 200.00 U 16 Entertainment expense $ 4,000.00 $ 3,600.00 $ 400.00 F 17 Total variable costs $ 10,500.00 $ 10,500.00 $ 18 Fixed costs: 19 Sales salaries $ 1,000.00 $ 1,000.00 $ 20 Total costs $ 11,500.00 $ 11,500.00 $ 1 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) c) In November, sales are 7,000 units. Actual variable costs decreased by 10% except for entertainment expense which stayed the same. Actual fixed costs did not change from September. Prepare a flexible budget for November

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