Fallon Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $172,800 to $215,400. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 4%, travel 4%, and delivery 1%. Fixed selling expenses will consist of sales salaries $35,500, depreciation on delivery equipment $7,500, and insurance on delivery equipment $1,100. Prepare a monthly selling expense flexible budget for each $14,200 increment of sales within the relevant range for the year ending December 31, 2020. (List variable costs before fixed costs.) FALLON COMPANY Monthly Selling Expense Flexible Budget For the Year 2020 > $ $ $ > $ The actual selling expenses incurred in March 2020 by Fallon Company are as follows. Variable Expenses Sales commissions $10,766 Advertising 11,682 Travel 6,624 Delivery 3,372 Fixed Expenses Sales salaries $34,700 Depreciation 7.300 Insurance 2,000 (a) Prepare a flexible budget performance report for March, assuming that March sales were $165,600. Variable costs and their percentage relationship to sales are sales commissions 6%, advertising 7%, traveling 4%, and delivery 2%. Fixed selling expenses will consist of sales salaries $34,700, Depreciation on delivery equipment $7,300, and insurance on delivery equipment $2,000. (List variable costs before fixed costs.) FALLON COMPANY Selling Expense Flexible Budget Report For the Month Ended March 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual > $ $ V $ > > >