Compute the flexible-budget variances for the following two cost items (NOTE: enter favorable variances as positive numbers and unfavorable variances as negative numbers):

Delivery Expense: ____________________ Buying Expense:______________________

Four Flags is a retail department store. On January 1, 2014, Four Flags' accountants used the following data to develop the master budget for Four Flags for 2014: Variable (per Cost Fixed unit sold) $5.60 $0.80 Cost of Goods Sold $0 Selling and Promotion $205,000 Expense Building Occupancy $0.10 $0.40 $0.10 $0.03 $185,000 Expense Buying Expense Delivery Expensee Credit and Collection $160,000 $120,000 $74,000 Expense Expected unit sales in 2014 were 1,250,000, and 2014 total revenue was expected to be $12,500,000. Actual 2014 unit sales turned out to be 1,050,000, and total revenue was $10,500,000. Actual total costs in 2014 were: Cost of Goods Sold $6,000,000 Selling and Promotion Expense $900,000 Building Occupancy Expense $360,000 $520,000 $180,000 $80,000 Buying Expense Delivery Expensee Credit and Collection Expense