Snells is a retail department store. The following cost-volume relationships were used in developing a flexible budget for the company for the current year Yearl Expenses s 218,880 Variable Expenses per Sales Dollar Fixed Cost of merchandise sold Selling and promotion expense Building occupancy expense Buying expense Delivery expense Credit and collection expense Administrative expense Totals 8.882 9.822 0.041 0.088 8.082 0.003 $1,268,e080.758 186,000 150,000 111,888 ook 531,988 Management expected to attain a sales level of $12 million during the current year At the end of the year, the actual results achieved by the company were as follows. Net sales Cost of goods sold Selling and promotion expense Building occupancy expense Buying expense Delivery expense Credit and collection expense Administrative expense $10,5ee,808 6,188,80e 1,820,008 420,800 594,808 183,000 98,860 564,000 Required: Prepare a schedule comparing the actual results with flexible budget amounts developed for the actual sales volume of $10,500,0o0. Required: Prepare a schedule comparing the actual results with flexible budget amounts developed for the actual sales volume of $10.500000 Use the cost-volume relationships given in the problem to compute the flexible budget amounts ("Under Budget" should be indicated by a minus sign. Enter your answers in dollars, not millions of dollars.) ints SNELLS Comparison of Budgeted and Actual Revenue and Expenses For the Year Ended December 31 eBook Print References Flexible Over (or Under) Budget BudgetActual Operating expenses O S Total operating expenses $ Operating income