The actual selling expenses incurred in March 2017 by Fallon Company are as follows. Variable Expenses Fixed Expenses Sales commissions Advertising Travel Delivery $14,752 Sales salaries 10,514 Depreciation 6,956 Insurance $34,900 7,100 1,900 3,558 (a) Prepare a flexible budget performance report for March, assuming that March sales were $173,900. Variable costs and their percentage relationship to sales are sales commissions 896, advertising 696, traveling 496, and delivery 2%. Fixed selling expenses will consist of sales salaries $34,900, Depreciation on delivery equipment $7,100, and insurance on delivery equipment $1,900. (List variable costs before fixed costs.) FALLON COMPANY Selling Expense Flexible Budget Report For the Month Ended March 31, 2017 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Sales (b) Prepare a flexible budget performance report, assuming that March sales were $181,400. (List variable costs before fixed costs.) FALLON COMPANY Selling Expense Flexible Budget Report For the Month Ended March 31, 2017 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual