Exercise The actual selling expenses incurred in March 2017 by Fallon Company are as follows 4-G Variable Expenses Sales commissions $12,682 Sales Advertising11,992 Depreciation 6,00 Fixed Expenses salaries 35,200 Travel 8,480 Insurance1300 3,482 Delivery (a Prepare a nexible budget performance report or March, assuming that March sales were $169,600 variable costs and their percentage relationship to sales are sales commissions 7% advertising 796 traveling 5% and delver 296 Fixed selling expenses will consist of sales salaries 35,200 Depreciation on delivery equipment $6,700, and insurance on delivery equipment $1,300. List variable costs before fixed costs.) (a Prepare a flexible budget performance eport or March, assuming that March sales were $169,600 variable costs and their percentage relationship to sales are sales commissions 7% advertising 7% traveling 5%, and delivery 2% expenses wil consist of sales salaries $35,200, Depreciation on delivery equipment 6,700, and insurance on delivery equipment $1,300. (List variable costs before fixed costs.) Fixed sell Selling Expense Fleadble Budget Report For the Month Ended March 31, 2017 Selling Expone OPN COM Difference Neither Favorable Actual (b) Prepare a flexible budget performance report, assuming that March sales were $177,300. (List variable costs before fixed costs.) FALLON COMPANY Selling Expense Flexible Budget Report For the Month Ended March 31, 2017 Difference Favorable Unfavorable Neither Favorable nor Unfavorable BudgetActual Click if you would like to Show Work for this question: Open Show Work