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The actual selling expenses incurred in March 2014 by DeWitt Company are as follows. Prepare a flexible budget performance report for March, assuming that March
The actual selling expenses incurred in March 2014 by DeWitt Company are as follows.
Prepare a flexible budget performance report for March, assuming that March sales were $169,000. Variable costs and their percentage relationship to sales are sales commissions 6%, advertising 6%, traveling 5%, and delivery 2%. Fixed selling expenses will consist of sales salaries $34,578, depreciation on delivery equipment $7,136, and insurance on delivery equipment $1,351. (List variable costs before fixed costs.)
Exercise 22-6 (part level submission) The actual selling expenses incurred in March 2014 by DeWitt Company are as follows. Variable Expenses Fixed Expenses Sales commissions Advertising Travel Delivery $10,977 Sales salaries 10,283 Depreciation 8,450 Insurance $34,578 7,136 1,351 3,454
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