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 Variable Expenses per Sales Dollar e.600 Yearly Fixed Expenses Cost of merchandise sold Selling and promotion expense Building occupancy expense Buying expense Delivery expense Credit and collection expense Administrative expense $ 210,000 186,000 15e,000 111,000 72,000 531,000 0.082 0.022 e.041 e.008 e.002 0.003 $1, 260,000 %24 0.758 Totals 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 $10,500,000 6,180,000 1,020,000 420,000 594,000 183,000 98,000 564,000 Net sales Cost of goods sold Selling and promotion expense Building occupancy expense Buying expense Delivery expense Credit and collection expense Administrative expense Required: Prepare a schedule comparing the actual results with flexible budget amounts developed for the actual sales volume of $10,500,000. Required: Prepare a schedule comparing the actual results with flexible budget amounts developed for the actual sales volume of $10,500,000. 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 dollers.) SNELLS Comparison of Budgeted and Actual Revenue and Expenses mok For the Year Ended December 31 Over (or Flexible Actual Under) Budget Budget nces Operating expenses Total operating expenses Operating income $