Variable Expenses Sales commissions Advertising Travel Delivery Fixed Expenses $10,870 Sales salaries 10,080 Depreciation 6,680 Insurance...

 

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Variable Expenses Sales commissions Advertising Travel Delivery Fixed Expenses $10,870 Sales salaries 10,080 Depreciation 6,680 Insurance 3,450 Budget $35,500 7,500 1,400 (a) Prepare a flexible budget performance report for March, assuming that March sales were $167,000. Variable costs and their percentage relationship to sales are sales commissions 6%, advertising 6%, traveling 4%, and delivery 2%. Fixed selling expenses will consist of sales salaries $35,500, Depreciation on delivery equipment $7,500, and insurance on delivery equipment $1,400. (List variable costs before fixed costs.) FALLON COMPANY Selling Expense Flexible Budget Report For the Month Ended March 31, 2017 Actual Difference Favorable Unfavorable Neither Favorable nor Unfavorable Variable Expenses Sales commissions Advertising Travel Delivery Fixed Expenses $10,870 Sales salaries 10,080 Depreciation 6,680 Insurance 3,450 Budget $35,500 7,500 1,400 (a) Prepare a flexible budget performance report for March, assuming that March sales were $167,000. Variable costs and their percentage relationship to sales are sales commissions 6%, advertising 6%, traveling 4%, and delivery 2%. Fixed selling expenses will consist of sales salaries $35,500, Depreciation on delivery equipment $7,500, and insurance on delivery equipment $1,400. (List variable costs before fixed costs.) FALLON COMPANY Selling Expense Flexible Budget Report For the Month Ended March 31, 2017 Actual Difference Favorable Unfavorable Neither Favorable nor Unfavorable

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