Exercise 10-6 a-b The actual selling expenses incurred in March 2020 by Fallon Company are as follows. Variable Expenses Sales commissions $11,180 Advertising 10,530 Travel 6,920 Delivery 3,580 Fixed Expenses Sales salaries $35,500 Depreciation 7,400 Insurance 1,100 (a) Prepare a flexible budget performance report for March, assuming that March sales were $173,000. Variable costs and their percentage relationship to sales are sales commissions 6%, advertising 6%, traveling 4%, and delivery 2%. Fixed selling expenses will consist of sales salaries $35,500, Depreciation on delivery equipment $7,400, and insurance on delivery equipment $1,100. (List variable costs before fixed costs.) Selling Expense Flexible Budget Report For the Month Ended March 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Advertising Depreciation Delivery Fixed Expenses Insurance Sales Sales Commissions Sales Salaries Total Expenses Total Fixed Expenses Total Variable Expenses Travel Variable Expenses