Question 4 -/1 ew Policies arrent Attempt in Progress The actual selling expenses incurred in March 2017 by Fallon Company are as follows. Variable Expenses Fixed Expenses Sales commissions $14,688 Sales salaries $34,600 Advertising 10,476 Depreciation 6,600 Travel 6,924 Insurance 2,000 Delivery 3,552 (a) Prepare a flexible budget performance report for March, assuming that March sales were $173,100. Variable costs and their percentage relationship to sales are sales commissions 8 % , advertising 6 % , traveling 4 % , and delivery 2 %. Fixed selling expenses will consist of sales salaries $34,600, Depreciation on delivery equipment $6,600, and insurance on delivery equipment $2,000. (List voriable costs before fixed costs.) FALLON COMPANY Selling Expense Flexible Budget Report For the Month Ended March 31, 2017 Difference Favorable Unfavorable Neither Favorable Budget Actual nor Unfavorable Favorable Unfavorable Neither Favorable Budget Actual nor Unfavorable $ $ $ $ (b) Prepare a flexible budget performance report, assuming that March sales were $182,100. (List varlable costs before fxed costs) FALLON COMPANY Selling Expense Flexible Budget Report For the Month Ended March 31, 2017 Difference Favorable Unfavorable Neither Favorable Budget Actual nor Unfavorable $ $ $ Favorable Unfavorable Neither Favorable Budget Actual nor Unfavorable $ $ MacBook Air