The actual selling expenses incurred in March 2017 by Fallon Company are as follows. Variable Expenses Fixed Expenses Sales commissions Sales salaries $12,741 $35,300 Advertising 10,258 Depreciation 7,000 Travel 6,772 Insurance 1,800 Delivery 3,446 (a) Prepare a flexible budget performance report for March, assuming that March sales were $169,300. Variable costs and their percentage relationship to sales are sales commissions 7 % , advertising 6 %, traveling 4 % , and delivery 2%. Fixed selling expenses will consist of sales salaries $35,300, Depreciation on delivery equipment $7,000 and insurance on delivery equipment $1,800. (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 (a) Prepare a fexibie budget performance report for March, assuming that March sales were $169,30o Vaniable costs and their percentage relationship to sales are sales commissions 7% advertising 6% , traveling 4%, and detivery 2% Fxed selling expenses will consst ofr sales salanes $3s,300, Deprecation on delivery equpment $7,000, and insurance on detivery equipment $1,800 (List variable costs before fixed costs.) PALLON COMPANY Selling Expense Flebe Budget Report Por the Month Bnded March 31, 2917 oference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual (b) Prepare a flexible budget performance report, assuming that March sales were $176,800. (List variable costs before fixed costs.) FALLON COMPANY Selling Expense Flexible Budget Report For the Month Ended March 31, 2017 Difference Unfavorable Neither Favorable nor Unfavorable Actual Budget $ 4