The actual selling expenses incurred in March 2012 by Russell Company are as follows. Instructions (a) Prepare

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The actual selling expenses incurred in March 2012 by Russell Company are as follows.

                

Instructions
  (a) Prepare a flexible budget performance report for March using the budget data in E24-5, assuming that March sales were $170,000. Expected and actual sales are the same.
  (b) Prepare a flexible budget performance report, assuming that March sales were $180,000. Expected sales and actual sales are the same.
  (c) Comment on the importance of using flexible budgets in evaluating the performance of the sales manager.

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Accounting Principles

ISBN: 978-0470534793

10th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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