Four Flags is a retail department store. On January 1, 2018, Four Flags' accountants used the following data to develop the master budget for Four Flags for 2018: Variable (per unit sold) Fixed Cost Cost of Goods Sold $6.00 $0 $0.80 Selling and Promotion Expense $210,000 Building Occupancy Expense $180,000 $0.10 Buying Expense $155,000 $0.50 Delivery Expense $120,000 $0.05 Credit and Collection Expense $72,000 $0.01 Expected unit sales in 2018 were 1,200,000, and 2018 total revenue was expected to be $12,000,000. Actual 2018 unit sales turned out to be 1,050,000, and total revenue was $10,500,000. Actual total costs in 2018 were Cost of Goods Sold $6,000,000 Selling and Promotion Expense $900,000 Building Occupancy Expense $470,000 $660,000 Buying Expense Delivery Expense $190,000 Credit and Collection Expense $40,000 Required Compute the flexible-budget variances in 2018 for the following two cost items (NOTE: enter favorable variances as positive numbers and unfavorable variances as negative numbers): Buying Expense Selling and Promotion Expense Submit Answer Tries 0/8