Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

h1 The actual selling expenses incurrod in March 2022 by Cullumber Company are as follows: (a) Prepare a flexible budget performance report for March, assuming

h1 image text in transcribed
image text in transcribed
The actual selling expenses incurrod in March 2022 by Cullumber Company are as follows: (a) Prepare a flexible budget performance report for March, assuming that March sales were \$166.100. Variable costs and their percentage relationiship to sales are sales commissions 8% advertising 6%, travelling 5%, and delivery 2%. Foed selling expenses consist of sales solaries $35.000; depreciation on delivery equiprvent $7.200; and insurance on delivery equipment $1.300. Expected and actual sales are the sime. (List vorlable costs beforefuod costs) (b) Preparea flexible budget performance report, assuming that March sales were $174,100. Variable costs and their percentage relationship to sales are sales commissions 8%, advertising 6%, travelling 5%, and delivery 2%. Fixed selling expenses consist of sales salaries $35,000 : depreciation on delivery equipment $7,200; and insurance on delivery equipment $1,300. Expected and actial sales are the same, (Ust variable costs before fixed costs)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Understanding And Practice

Authors: Robert Perks

3rd Edition

0077124782, 9780077124786

More Books

Students also viewed these Accounting questions