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  3. urgent please 1 2 pat smith is the founder and

urgent please 1 2 Pat Smith is the founder and president...

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Accounting

urgent please
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1 2 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. 3 4 5 6 Pat Products Static Budget Report Month Ended October 31, 2020 7 - 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 $ 21 22 Required: 3 a) Prepare a flexible budget for October in good form. (9 marks) 4 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) d) Comment on Sam's performance in November. (1 mark) Part2 - MCQ - Calc. (7 marks) Part3 - Var

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