Exercise 10-2 a Crede Company budgeted selling expenses of $29,200 in January, $34,400 in February, and $39,800 in March. Actual selling expenses were $30,500 in January, $33,970 in February, and $47,600 March. The company considers any difference that is less than 5 % of the budgeted amount to be immaterial. Prepare a selling expense report that compares budgeted and actual amounts by month and for the year to date. CREDE COMPANY Selling Expense Report For the Quarter Ending March 31 Year-to-Date By Month Difference Actual Budget Difference Month Actual Budget January February March Onen Show Work sestions ew 6uipu:E nth Difference $ Favorable Unfavorable Neither favorable nor unfavorable $ CALCULATOR PRINTER VERszON BACK NE Exercise 10-5 (Video) Fallon Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $169,700 to $205,700. Variable costs and their percentage relationship to sales are sales commissions 6%, advertising 6 %, travel 4 %, and delivery 1% Fixed selling expenses will consist of sales salaries $35,100, depreciation on delivery equipment $6,500, and insurance on delivery equipment $1,300 Prepare a monthly selling expense flexible budget for each $12,000 increment of sales within the relevant range for the year ending December 31, 2020. (List varlable costs before fixed costs.) FALLON COMPANY Monthly Selling Expense Flexible Budget For the Year 2020 Click if you would like to Show Work for this question: ORen ShowWork