Exercise 10-6 The actual selling expenses incurred in March 2017 by Fallon Company are as follows. Variable Expenses Fixed Expenses Sales commissions Advertising Travel Delivery $14,684 Sales salaries 10,458 Depreciation 8,615 Insurance $34,900 7,300 1,400 3,546 (a) prepare a flexible budget performance report for March, assuming that March sales were $172,300. Variable costs and their percentage relationship to sales are sales commissions 8%, advertising 69 traveling 5% and delivery 29 Fixed selling expenses will consist of sales salaries $34,900 Depreciation on delivery equipment $7,300, and insurance on delivery equipment $1,400, (List variable costs before fixed costs.) ALLON COMPANY Selling Expense Flexible Budget Report For the Month Ended March 31, 2017 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual