Four Flags is a retail department store. On January 1, 2020, Four Flags' accountants used the following data to develop the master budget for Four Flags for 2020: Cost Fixed Variable (per sales dollar) Cost of Goods Sold $0 $0.580 Selling and Promotion Expense $200,000 $0.080 Building Occupancy Expense $185,000 $0.020 Buying Expense $ 150,000 $0.030 Delivery Expense $110,000 $0.010 Credit and Collection Expense $72,000 $0.002 Expected unit sales in 2020 were 1,200,000, and 2020 total revenue was expected to be $12,000,000. Actual 2020 unit sales turned out to be 1,000,000, and total revenue was $10,000,000. Actual total costs in 2020 were: Cost of Goods Sold $6,000,000 Selling and Promotion Expense $1,000,000 Building Occupancy Expense $370,000 Buying Expense $620,000 Delivery Expense $170,000 Credit and Collection Expense $40,000 Required Compute the flexible budget variances in 2020 for the following two cost items (NOTE: enter favorable variances as positive numbers and unfavorable variances as negative numbers): Selling and Promotion Expense Delivery Expense Submit Answer Tries 0/6 Threaded View Chronological View Other Views ... My_general preferences on what is marked as NEW