CALCULATOR PRINTER VERSION BACK NEXT Exercise 188 Cadiz Co. uses flexible budgets to control its selling expenses. Monthly sales are expected to be from $300,000 to $360,000. Variable costs and their percentage relationships to sales are: Sales commissions 5% Advertising Traveling 4% Delivery 1% Fixed selling expenses consist of sales salaries $40,000 and depreciation on delivery equipment $10,000. The actual selling expenses incurred in February, 2019, by Cadiz are as follows: Sales commissions $17,200 12,000 Advertising 23,700 Traveling 2,400 Delivery Fixed selling expenses consist of sales salaries $41,500 and depreciation on delivery equipment $10,000. Prepare a flexible budget performance report, assuming that February sales were $330,000. (List variable expenses before fixed expenses.) CADIZ Co. Selling Expense Budget Report (Flexible) For the Month Ended February 28, 2019 Difference Favorable (F) Unfavorable (U) Not Applicable (NA) Actual Budget MacBook PRINTER VERSION BACK NEXT CADIZ Co. Selling Expense Budget Report (Flexible) For the Month Ended February 28, 2019 Difference Favorable (F) Unfavorable (U) Not Applicable (NA) Budget Actual Study Open Show Work Click if you would like to Show Work for this question: MacBook FS