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) ost of Goods Sold $0 $0.500 Selling and Promotion Expense $200,000 $0.080 Building Occupancy $190,000 Expense $0.010 Buying Expense $150,000 $0.030 Delivery Expense $120,000 $0.010 Credit and Collection Expense $78,000 $0.002 Expected unit sales in 2020 were 1,300,000, and 2020 total revenue was expected to be $13,000,000. Actual 2020 unit sales turned out to be 1,100,000, and total revenue was $11,000,000. Actual total costs in 2020 were: Cost of Goods Sold $6,000,000 Selling and Promotion Expense $1,000,000 Building Occupancy Expense $430,000 Buying Expense $560,000 Delivery Expense $190,000 Credit and Collection Expense $35,000 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): Credit and Collection Expense -45,200 This answer is incorrect. 229,000 This Building Occupancy Expense answer is incorrect. Submit Answer Incorrect. Tries 4/6 Previous Tries