Business, 13.08.2021 03:40 robert7248

The actual selling expenses incurred in March 2020 by Fallon Company are as follows. Variable Expenses Fixed Expenses
Sales commissions $14,684 Sales salaries $34,900
Advertising 10,458 Depreciation 7,300
Travel 8,615 Insurance 1,400
Delivery 3,546
(a) Prepare a flexible budget performance report for March, assuming that March sales were $172,300. Variable costs and their percentage relationship to sales are sales commissions 8%, advertising 6%, traveling 5%, and delivery 2%. Fixed selling expenses will consist of sales salaries $34,900, Depreciation on delivery equipment $7,300, and insurance on delivery equipment $1,400.
(b) Prepare a flexible budget performance report, assuming that March sales were $175,400.

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