CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN UNTER The actual selling expenses incurred in March 2017 by Ayoyal Company are as follows. Variable Expenses Fixed Expenses Sales commissions $12,840 Sales salaries $35,300 Advertising 10,370 Depreciation Travel 8,600 Insurance 1,600 Delivery 7,400 3,530 Prepare a flexible budget performance report for March, assuming that March sales were $172,000. Variable costs and their percentage relationship to sales are sales commissions 7% advertising 6%, traveling 5%, and delivery 2%. Fixed selling expenses will consist of sales salaries $35,300, Depreciation on delivery equipment 57,400, and insurance on delivery rement $1,600. (List variable costs before fixed costs) AYAYAI COMPANY Selling Expense Flexible Budget Report Budget Difference Favorable/Unfavorable Neither Favorable nor Unfavorable Actual