ective 1 2,000 U Fixed selling expenses consist of sales salaries $40,000 and depreciation on delivery equipment $10,000. The actual selling expenses incurred in February, 2014, by Gamlouch Industries are as follows: Sales commissions Advertising $ 13,700 8,000 Traveling 11,300 Delivery 1,600 Fixed selling expenses consist of sales salaries $41,000 and depreciation on equipment $10,000. Requirement delivery Prepare a flexible budget performance report, assuming that February sales were $220,000. E23-17 Preparing a flexible budget performance report Hala Company produces shirts for men. The following budgeted and actual amounts are for 2014: Cost Budget at 2,500 units Actual Results at 2,900 units Direct materials Direct labor Fixed overhead $110,000 140,000 70,000 $ 131,000 162,000 69,000 OF 3 Requirement Prepare a performance report for Hala Company for the year. E23-18 Defining the benefits of setting cost standards and calculating materials and labor variances Bargain, Inc. produced 1,000 units of the company's product in 2016. The standard quan tity of direct materials was three yards of cloth per unit at a standard cost of $1.00 per yard. cost- pertain to Fe Producti Machin Variabl Requirem- 1. Comp 2. Comp E23-21 Ca Bazar C dard c one L year. and Du ho $3 I