Exercise 24-6 The actual selling expenses incurred in March 2017 by Fallon Company are as follows. Fixed Expenses Variable Expenses Sales commissions $11,016 Sales salaries $35,000 6,800 Advertising 10,266 Depreciation Travel 6,764 Insurance 1,700 Deliver 3,452 (a) Prepare a flexible budget performance report for March, assuming that March sales were $169,100. 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 $35,000, Depreciation on delivery equipment $6,800, and insurance on delivery equipment $1,700. (List variable costs before fixed costs.) FALLON COMPANY Selling Expense Flexible Budget Report For the Month Ended March 2017 Difference Favorable Unfavorable Neither Favorable Budget Actual nor Unfavorable as a