E_(3),21(LO_(2)) Excel Vincent Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $170,000 to $200,000. Variable costs and their percentage relationship to sales are as follows: sales commissions 6%; advertising 4%; travel 3%; and delivery 2%. Fixed selling expenses consist of sales salaries $35,ooo; depreciation on delivery equipment $7,000; and insurance on delivery equipment $1,000. Instructions Prepare a monthly flexible budget for each $10,000 increment of sales within the relevant range. Prepare flexible budget reports for selling expenses. E13.22 ( {:LO_(2)) The actual selling expenses incurred in March 2022 by Vincent Company are as follows: Variable Expenses Fixed Expenses Sales commissions $11,000 Sales salaries $35,000 Advertising 7,000 Depreciation 7,000 Travel 5,100 Insurance 1,000 Delivery 3,500 Instructions a. Prepare a flexible budget performance report for March using the budget data in E13.21, assuming that March sales were $170,000. Expected and actual sales are the same. b. Prepare a flexible budget performance report, assuming that March sales were $180,000. Expected and actual sales are the same. c. Comment on the importance of using flexible budgets in evaluating the sales manager's performance. Prepare a flexible budget report and a responsibility report for manufacturing over