Exercise 18 Cade Couses B ible budgets to control its selling expenses. Monthly sales are expected to be from $300,000 $360,000 Variable costs and their percentage relationships to sales are: 5% Sales commissions Advertising Traveling Delivery Fixed selling expenses consist of sales salaries $40,000 and depreciation on delivery equipment sto,C00 The actual selling expenses incurred in February, 2019, by Cadia dhe as follows: Sales commiscons $17.200 Advertising 12.000 Traveling 23,700 2.400 Delivery CADIZ CO. Selling Expense Budget Report (Flexible) For the Month Ended February 28, 2019 Difference Favorable (F) Unfavorable (U) Not Applicable (NA) Budget Actual Exercise 188 Cadiz Co. uses flexible budgets to control its selling expenses. Monthly sales are expected to be from $300,000 to $360,000. Variable costs and their percentage relationships to sales are: Sales commissions 5% Advertising Traveling Delivery Fixed selling expenses consist of sales salaries $40,000 and depreciation on delivery equipment $10,000. The actual selling expenses incurred in February, 2019, by Cadiz are as follows: Sales commissions Advertising Traveling Delivery $17,200 12,000 23,700 2.400 Fixed selling expenses consist of sales salaries $41,500 and depreciation on delivery equipment $10,000. Prepare a flexible budget performance report, assuming that February sales were $330,000. (List variable expenses before fixed expenses.) CADIZ.CO