3-Graded Assignment Question 4 of 4 View Policies Current Attempt in Progress The actual selling expenses incurred in March 2020 by Fallon Company are as follows. Variable Expenses Fixed Expenses Sales commissions $12,576 Sales salaries $35,400 Advertising 11.876 Depreciation 7.500 Travel 8,390 Insurance 2,000 Delivery 3,446 -/4 : (a) Prepare a flexible budget performance report for March, assuming that March sales were $167,800. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 7%, traveling 5%, and delivery 2%. Fixed selling expenses will consist of sales salaries $35,400, Depreciation on delivery equipment $7,500, and insurance on delivery equipment $2,000. (List variable costs before fixed costs.) (a) Prepare a flexible budget performance report for March, assuming that March sales were $167,800. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 7%, traveling 5%, and delivery 2 %. Fixed selling expenses will consist of sales salaries $35,400, Depreciation on delivery equipment $7,500, and insurance on delivery equipment $2,000. (List variable costs before fixed costs.) FALLON COMPANY Selling Expense Flexible Budget Report For the Month Ended March 31, 2020 Budget $ Actual Diffen Favor Unfavo Neither Fi nor Unfa $ Budget FALLON COMPANY Selling Expense Flexible Budget Report For the Month Ended March 31, 2020 Actual $ Difference Favorable Unfavorable Neither Favorable nor Unfavorable Question 4 of 4 < -/4 ! (b) Prepare a flexible budget performance report, assuming that March sales were $175,400. (List variable costs before fixed costs.) FALLON COMPANY Selling Expense Flexible Budget Report For the Month Ended March 31, 2020 Budget Actual Differ Favor Unfavo Neither Fi nor Unfa For the Month Ended March 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget $ Actual Question 4 of 4 < -/4 E