Exercise 22-6 The actual selling expenses incurred in March 2014 by DeWitt Company are as follows. Variable Expenses Fixed Ex Sales commissions $35,000 7,000 1,000 $11,000 Sales salaries Travel Delivery 6,900 Depreciation 5,100 Insurance 3,450 Prepare a flexible budget performance report for March, assuming that March sales were $170,000 variable costs and their percentage relationship to sales are sales commissions 6%, advertising 4%, traveling 3% and delivery 2%. Fixed selling expenses will consist of sales salaries $35,000, depreciation on delivery equipment $7,000, and insurance on delivery equipment $1,000. (List variable costs before fixed costs.) DEWITT COMPANY Selling Expense Fleadible Budget Report For the Month Ended March 31, 2014 Favorable (F) Unfavorable (U) Neither Favorable Actual nor Unfavorable