Lake Edge Wood Ltd. is small Ontario business that specializes in design, manufacturing and selling of unique wooden products. Some of the companys top products include boards, boxes and coasters. The general manager is interested in the performance of the Cutting Boards department, and more specifically in the selling and administrative expenses. Following is the available information about the variable and fixed costs for the 250-300 cutting boards relevant range:

Variable costs as a percent of sales			Fixed costs per month
Sales commissions	4.5 percent		Advertising	$975 per month
Meal and Travel	5.0 percent		Warehouse insurance	$830 per month
Order fulfillment costs	1.5 percent		Rent	$1,250 per month

In January 2021, the Cutting Boards department generated $13,200 in sales and incurred the following selling and administrative costs:

Sales commissions	$930		Meal and Travel	$624		Order fulfillment costs	$217
Advertising	$846		Warehouse insurance	$820		Rent	$1,250

Instructions

Prepare a flexible budget performance report for the selling and administrative expenses for January 2021.